USDCAD update (weekly upward wave)

Since USDCAD is settling above the red line (a very strong resistance and support line) above the chart's top, the weekly uptrend can continue as long as it does not fall below this line. Therefore, it is better to look for buy opportunities rather than sell.
The retracement will come when the weekly uptrend ends, and even if it breaks the last weekly correction trend line near the red line, it can propagate as a monthly uptrend because the monthly demand zone is waiting below.

USDCAD is turning into a pattern that can continue to rise.