USDCAD - Dollar Strength is BackUnited States Dollar / Canadian DollarCMCMARKETS:USDCADCharts247TradingAcademyYesterday, we finally got the USD reversal we were expecting in the previous analysis. The retracement phase created the structure needed for the market to build a new launchpad for the next bullish phase in the US Dollar. On USDCAD specifically, we saw: the reversal developed, the first bullish wave structure formed, which was followed by another pullback into discount pricing. That pullback now presents a clear buying opportunity. At this stage, we are effectively buying from the lows after a major discount in price, with expectations shifting towards higher prices moving forward. Using the Fibonacci framework, we already have several projected upside targets: T1, T2, and the extended expansion targets above. I’ll be breaking down these target zones in more detail during next week’s analysis, including what price behaviour we need to see for bullish continuation. Enjoy you weekend.