The euro/Canadian dollar (EUR/CAD) currency pair is still trading in a corrective recovery of Wave a, after the previous five wave fall found a base at the 1.417 region. That said, we expect the price to make an intraday drop into the following Wave b, a final push up into Wave c may follow. Later the whole corrective recovery may search for resistance around the 50.0-61.8 Fibonacci ratio. If the price breaches the mentioned zone, then the final resistance may be seen around the previous swing high at 1.4492 level.
The U.S./Canadian dollar (USD/CAD) currency pair touched our resistance zone at 1.3440-1.3460 from where we can already see first early signs of a new swing high which is not a surprise as sub Wave C has a five-wave structure up from 1.3280. So far, this structure is looking bearish and it may continue back to 1.3260 after 1.3372 swing low is broken.