The downtrend on USD/CAD remains unfinished, as the pair looks to be forming an extended structure in a red wave 5). An extended structure means that five black sub-waves in a red wave 5) need to be shown, before a turning point may appear. Wave 5) is a motive wave where an impulsive structure or ending diagonal can be seen.

A move down, toward the 1.0070 and 1.0000 region, could be reached over the next few session or days.

TheLFB Charting: USD/CAD Four-Hour View

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