canadian dollar bottom appears to be close at hand..... in the final major c wave.

the canadian dollar is setting up as it appears we are in a the last stages of the c leg down of a big zig zag retrace. The chart below shows that we are currently in a 3rd wave of the 5th that can reach as low as 7540 before the bounce into a 4th of a 5th that should end up being some kind of triangle or complex corrective pattern.  extending back towards 78. the final objective would be somewhere around the 7253 area to complete an ABC where A will be equal in length to C. if we happen to get to the 7540 area I may take a long position here with a tight stop of 30 to 40 points as the risk reward is to my liking.