The heavy Resistance Zone (Blue Rectangle) poses a barrier for the bull trend. The latest bull advance looks highly irregular from the Wave count stand point and I tend to classify it more as a Correction Zone, possibly an ABC formation. If true, then we may expect the price going down to 1.34 range, completing the 5th wave as indicated on the chart. USDCAD is still Bear and I haven't seen any evidence yet that the Bear trend is completed. Good Trades.