USDCAD is still trapped within an upward channel, but the structure still looks like a complex WXY correction up from the June lows. And it seems we may now be in the final subwave of this pattern, which may already try to form a top at 1.4150 area, after that recent reversal from the upper side of the corrective channel. It looks like a small impulse, so more weakness is likely coming.

Become a premium member
Get daily Elliott Wave updates for US Single Stocks, SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.