USD/CAD - Seems that it made it.

It's still very early, but it seems as support near 102.54 yesterday held and we are now in the very early stages of wave iii up, which should break above key resistance at 108.59 at some point.

If we zoom in on the hourly chart (see the chart below). we can see the move up from 102.54 was swift and does contain five waves and does have a very impulsiv look. The correction following the minro rally to 103.93 is a big flat correction (3-3-5), see the 10 minutes chart below the hourly chart, and should be close to its bottom. Buying USD here represents in my view a very attractive risk reward trade. Stop should be placed at 102.50.