The current structure of the USDCAD indicates the formation of a bullish Zigzag Ⓩ. This consists of sub-waves (W)-(X)-(Y) and it’s a Double Zigzag. Wave Ⓩ is part of the global cycle correction b. It seems that the intermediate sub-waves (W) and (X) have ended. Thus, in the near future, the pair cou...
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