Canadian Dollar Technical Outlook

There is no change to the USDCAD triangle scenario.

A triangle is unfolding. Expect wave E of the triangle to end below 1.00. This decline will present a high reward/risk opportunity against .9818. A breakout in larger wave C towards 1.05/08 is expected to follow completion of the triangle.
STRATEGY: Bullish, against .9818, target above 1.0324 (but a test of 1.00 is probable in wave E of the triangle)