Keep your eyes on the EURCAD. The pair is setting up for a break higher from a multi-month wedge (click to view the wedge). The short term rally from 1.5400 is an impulse (5 waves), which confirms the larger bullish bias view. A decline is expected in order to correct the sharp advance from 1.5400 (notice recently overbought and divergent RSI). Support is likely at 1.5590.
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