Canadian Dollar 1.0400 Holds

[B]Commentary[/B]: There is no sign that the USDCAD has turned higher but 1.0400 has remained intact since 7/18 and the pair may be forming a base.

A push above 1.0611 woud strongly indicate that a significant low is in place at 1.0400 as that would break the series of lower highs. [B]Strategy[/B]: Remain bullish, against 1.0400, target TBD