Canadian Dollar Technical Outlook

The triangle is unfolding as expected.

   Expect wave E of the triangle to end near 1.00 (Fibo support at 1.0010).  The 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)