USDCAD is in the process of completing an Expanded Flat setup. I predict price will eliminate around the 1.236 Fibo level and the bulls shall take over towards the target level at the 1.35000 area. Also possible bullish divergence is arising as the MACD indicates a higher low while the chart shows a lower low as indicated on the chart. Happy trading.
Elliott WaveWave Analysis

Penafian