Elliott wave Analysis: USDCAD At Interesting Resistance

Hi traders,

USDCAD is now within wave c at potential resistance area here at 1.3350-1.3390 region. A reversal down may occur in the upcoming sessions; if that decline will be impulsive towards 1.3300 area, then be aware of much sharper sell-off into a third leg. Invalidation level is at 1.3466. Only above that level the wave count will have to be adjusted.

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USDCAD, 1h

usdcad, 1h