[B]Commentary[/B]: USDCAD may the opportunity of the month. "The rally from 1.0340 is clearly impulsive, signaling that the trend has changed from down to up. Wave c of the a-b-c correction from 1.0699 is unfolding now and should bottom in the 1.0477-1.0562 zone.
This is the 61.8% to 38.2% of 1.0340-1.0699." The USDCAD is finding support in this reversal zone and the rally from 1.0508 may unfold impulsively. It is possible that the pair chops lower to test the bottom of the zone at 1.0477 (alternate arrows in red). Regardless, long USDCAD is one of the best opportunities igoing forward. 1.0340 is the line in the sand. [B]Strategy[/B]: Bullish now, against 1.0340, target TBD