MONTHLY Chart: USDCAD: Some More Upside Before The Fall?

You can see on this monthly chart that there is STILL that large POTENTIAL Bat that is waiting to get filled. On this monthly chart projection, it is showing that prices should reach up into the 1.50-1.52 region before ultimately falling precipitously from that point. But that is still a few months or more away before I believe that will happen.

Currently, prices are hitting against the 1.40 level where there is a minor sr structure zone.

WAVE COUNT
By my wave counting, I think that prices are still in the wave (3) of (C) up but is very close to finishing it. It should probably do so around the 1.40 - 1.41 region. where there is also the 1.27 fib expansion @1.41451 of the wave (A) as well as the .707 retrace of the previous years long impulse wave down.

PATTERN
As already mentioned, there is that POTENTIAL Bat sitting at the .886 retracement within the G-Zone retracement of the previous years long impulse wave down. Close by there is also the Golden Ratio fib expansion of the wave (A) 1.618@1.55396