USDCAD pair is in a correction and may grow.


On the daily chart, the first wave of the higher level (1) of 5 forms, within which the wave 3 of (1) develops. Now, the third wave of the lower level iii of 3 is developing, within which the wave (i) of iii has formed, and a local correction is ending as the wave (ii) of iii. If the assumption is correct, after the end of the correction, the pair will grow to the levels of 1.3200–1.3410. In this scenario, critical stop loss level is 1.2578

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