“The high last week at 1.0775 was just pips away from an important Fibonacci confluence at 1.0791/98 (61.8% ext. of the .9055-1.0378 advance and 61.8% retrace of the decline from 1.1875 to .9055).
If the A-B-C count above is correct, then the USDCAD is headed back to parity at minimum but possibly to a new low in the next year.