Canadian Dollar High In Place (USDCAD Low)

[B]Commentary:[/B] The USDCAD may be in a small wave 3 higher from 1.0340. We have continued to focus on the potential for a significant bottom to be established in the USDCAD due to the weekly wave structure and COT report (same as GBP).

The rally above 1.0495 breaks the sequence of lower highs and is the signal that we were looking for the get bullish. [B]Strategy:[/B] Bullish now, against 1.0340, target TBD