Canadian Dollar 1.0657-1.0738 Buy Zone (USDCAD Sell)

[B]Commentary:[/B] For more on the USDCAD, see our special report at USDCAD - What’s Next. With the decline from 1.0866 to 1.0531 in 5 waves, at least one more down leg is expected.

1.0657 is a potential reversal point (resistance) as is the 61.8% of 1.0866-1.0531 at 1.0738. Once we see evidence that the advance from 1.0531 is complete, we will publish bearish targets. [B]Strategy:[/B] Look to get bearish between 1.0657 and 1.0738, against 1.0866, target TBD