Canadian Dollar 1.0248 Defines Trend

[B]Commentary[/B]: Either wave B within the A-B-C correction from 1.0248 (or wave 2 within a 1-2-3-4-5 impulse) is complete or close to complete at 1.0080. Even if price does exceed 1.0080, the next move of consequence is lower towards .9500. The bearish bias is strong as long as price is below 1.0248.

[B]Strategy[/B]: Bearish, against 1.0248, target .9500