Reversal lower from 1.3533 was quite sharp last week, but still not in five waves, so calling end of a recovery at recent high can be a little too early, but short-term patterns suggests that current minor move around 1.3315 is wave four of wave one. So if we are correct, then market will see another short-term weakness to complete wave 1), so real focus should then be in wave 2) later this week.

USDCAD, 4H