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USD/CAD looks to be trading in temporary corrective wave, within an uptrend. We see current choppy and sideways movement resembling a Elliott wave triangle pattern, which is known as a continuation pattern and can once fully unfolded push price in the same direction as the larger trend is going. In our case, this is to the upside, into minor wave v).
USD/CAD, 1h
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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