- USDCAD broke key support level 1.3150
- Likely to fall to 1.3020
USDCAD continues to fall inside the short-term impulse wave 3 which previously broke through the key support level 1.3150 (low of the previous impulse wave (1)).
The active impulse wave 3 belongs to the intermediate impulse sequence (3) from the start of October.
USDCAD is expected to fall further and retest the next support level 1.3020 (multi-month low from the middle of July).