Canadian Dollar Clear 5 Wave Move Strongly Indicates Major Trend Change

[B]Commentary[/B]: We wrote yesterday that “the rally above 1.0495 breaks the sequence of lower highs and is the signal that we were looking for the get bullish.” Now we also have a clear 5 wave rally from 1.0340.

A corrective setback should find strong support between 1.0402 and 1.0523. This would present an opportunity for bulls to act. [B]Strategy[/B]: Bullish now, against 1.0340, target TBD