USDCAD Setting Up for Run to New Highs?

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The ideal scenario takes us into the 1.3215 – 1.3143 level as a retrace for wave ii of (iii), which we would then expect to be followed by a very strong move higher for wave iii of (iii). Click on either image for a much larger version.

Originally published on ElliottWaveTrader.net by Mike Golembesky.

USDCAD - Primary Analysis - Nov-10 2059 PM (1 day) USDCAD - Primary Analysis - Nov-10 2102 PM (4 hour)