There is a strong correlation between CAD and Crude, which means that as Crude is preparing for another massive decline, so as CAD starting to weaken again agains USD, (USDCAD shooring higher).
I expect the next stop to be at roughly 1.3250 (0.618 of the net run of wave 1-2-3), and I think there is a good opportunity to enter long position once the correction in wave 2 is over.
I expect the next stop to be at roughly 1.3250 (0.618 of the net run of wave 1-2-3), and I think there is a good opportunity to enter long position once the correction in wave 2 is over.