U/CAD-------WILL ITS NEXT TARGET BE 1.0000 ??

We observe the consolidation of U/CAD last week, and on  daily Chart, we can see the completion of ab-cd movements which are colored in Purple. If you observe the attached Daily Chart, you may spot the completion of Double/ Triple Tops,, resulting  the PA on its Bearish descent near term.
The recent recovery of Crude oil price may lift this currency pair much faster in its descent.


H4 with Ichimoku Chart

Daily Chart with ab-cd movements and Double/Triple Tops

Trading Analysis.


On H4 Chart with Ichimoku, Bearish Sentiments shall send this pair towards the 1.0400 (Support 3, or 38.2 Fibo% Fibo) , also near the Ichimoku Cloud Bottom support on H4.,. Below this important support shall expose 1.0345( 23.6% Fibo),follows by 1.0246 (Its recent low)

On Daily Chart, as ststed above, Both the completion of ab-cd movements and Double/Triple Tops shall further enhance its Bearish downward movement near term.. And the possibility of retesting its PARITY cannot be discarded.