The U.S. dollar/Canadian dollar (USD/CAD) currency pair is breaching higher, marching towards the 1.3000 regions. We see a clear bullish structure in the making, with the current rally being part of Wave 3. Ideally, two more legs will show up within black Wave 3, before a new temporary correction into the following Wave 4 may come into play. Support for the upcoming Wave 4 can later be around the lower channel line.
USD/CAD, 1 hour
The British pound/Aussie dollar (GBP/AUD) currency pair is trading at some important support zones. We can see price touching Fibonacci ratio of 38.2, which can offer support and a turning point higher. A five-wave recovery above the former swing high at 1.7238 would indicate Wave 5 to be in progress.
GBP/AUD, 1 hour