[B]Commentary:[/B] We maintain that the USDCAD is in a rally leg that will push through 1.0699. The rally from 1.0484 and through 1.0564 instills confidence in the upside. We see it as highly likely that the rally from 1.0484 is the beginning of a third of a third wave.
This is the position that often sees the market move the fastest. We expect the rally to accelerate in the next few days. [B]Strategy:[/B] Remain Bullish, against 1.0462, targets 1.0821 and 1.1043