Last update, I wrote to “expect support for the USDCAD at near 10105/30. This is the 78.6% retracement of the rally from 9928, and a pivot low (what I am treating as the B wave low within the previous advance).” The larger C wave rally in the USDCAD should eventually exceed 10866. Near term, the rally may be a series of 1st and 2nd waves (like the AUDUSD decline). A drop to 10475 would present a long opportunity against 10315.
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