Bottom Line: Lower in five waves for wave A
08/04/2026 6:29EST (Last Price 1.3868):
I think today’s dip in USDCAD fits in the position of a small fourth wave within the bigger wave 3 of (a) and is therefore a buying opportunity. The bulls remain on the wheel as long as 1.3753 holds.
In summary, 2026 is likely to build on 2025’s gains since the big picture is bullish.
