USD/CAD Elliott Wave Analysis: In A Temporary Correction

USD/CAD is recovering into wave c as part of a three-wave, corrective recovery from the lows with possible resistance and a bearish reversal near the 1.316/1.3200 region. A drop from the upper corrective channel line, and below the 1.307 level would suggest a completed correction and more upcoming weakness.

USD/CAD, 1h Chart

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