Canadian Dollar Could Test 1.0415

[B]Commentary[/B]: There is no change to the medium term outlook that the USDCAD will rally through 1.0699 (as long as 1.0340 is intact). Near term though, it looks like another leg lower to complete a correction will take place.

Look for a thrust lower from a triangle to test either the 61.8% of 1.0340-1.0699 at 1.0477 or the 78.6% at 1.0417. [B]Strategy[/B]: Bullish now, against 1.0340, target TBD