USDCAD Possible Short-Term CALL

USDCAD is possibly ending its 2nd wave with its retracement to the 50% Fib level (RSI indicates oversold) which could be the beginning of a strong rally to the upside into the supply zone where profits will be taken. I will wait for price to break the 61.8% Fib level or strong engulfing candle to confirm rally to the supply zone.
elliottwavecorrectionelliottwaveprojectionelliottwaveretracementElliott WaveFibonacci RetracementrallyupUSDCADusdcadlong

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