Elliott Wave Analysis: USD/CAD At Interesting Reversal Zone

Hi traders,

USD/CAD makes a new high and it slow down at 61,8% Fib. level so I am wondering if maybe five wave rise in c) is finished and if bears are going to be stronger from here. However, 1.3347 can be a very important decision point. Rise above 1.3405 would likely suggests that this pair will stay sideways, so I would be willing to close shorts then.

1-Hour USD/CAD

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