The price is in a correction and may grow.
On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (3) of 5 forms. Now, a downward correction has formed as the fourth wave 4 of (3), and the development of the wave 5 of (3) has started, within which the first wave of the lower level i of 5 has ended, and a local correction is ending to develop as the wave ii of 5. If the assumption is correct, the USD/CAD pair will grow to the area of 1.3977–1.4265. In this scenario, critical stop loss level is 1.3491.