USDCAD fell down into wave E) at the start of the month, towards 1.2820 area where support was found; at the lower side of a range. Notice that reaction higher was very strong and powerful back above 1.3000, that is why we see it as an impulse. It could be the first wave within a new unfolding impulsive wave C-circled that can be now finally in play for 1.3400 area as big blue wave B triangle can be finished. That said recent intra-day weakness towards the 1.3052 zone may be corrective wave 2) in progress with probable support around the 50 or 61.8 Fibonacci ratio.
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