This currency pair may undergo a temporary correction

The U.S. dollar/Canadian dollar (USD/CAD) currency pair seems to be undergoing a temporary correction of Wave iv), that may see some more choppy and overlapping price activity. The ideal zone for a new reversal to the downside is around the 38.2 or 50.0 Fibonacci ratio, from where bears may again move lower.

USD/CAD, 1-hour