Canadian Dollar Approaches Critical Point

Commentary: Near term price action is choppy and unclear from an EW standpoint. On the daily chart, the rally from .9055 has retraced over 50% of the 1.0866-.9055 decline. The next level of potential resistance is the 9/26 high at 1.0095, then the confluence of the 61.8% of 1.0866-.9055 / trendline drawn off of the March and August highs at 1.0174.

Strategy: Flat