USDCAD, a local high may be formed.

USDCAD: we have decisive turn down off the ideal target region for the 4th wave. The target has been projected a while back - and in the case we get clear and pronounced i - ii wave structure to the downside I could apply the 5th wave count in the wave (3) down with much more confidence.
Corrective pullback is also an option to keep in mind - but anyway, that pullback is supposed to reach much lower targets prior to reversal towards 1.358 - or start forming more complex wave structure (which would be normal for a 4th wave).

CAD= - Primary Micro - Sep-24 1353 PM (1 hour)
CAD= - Primary Micro - Sep-24 1353 PM (1 hour)
CAD= - Primary D - Sep-24 1357 PM (1 day)
CAD= - Primary D - Sep-24 1357 PM (1 day)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.