Canadian Dollar Technical Outlook

Volatility compression continues to be the story in USDCAD as the pair churns its way between 1.0200 and 1.0100 and Bollinger Bands continue to narrow. We remain bullish targeting a move above the 1.0300 figure and are encouraged by a series of higher lows over the past 72 hours.

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STRATEGY: Bullish, against .9818, target above 1.0324 (but should be in a small position now since the triangle is unfolding, add to longs below 1.00)