Canadian Dollar Reverses From Below 1.0000

The USDCAD dropped to .9936 to complete 5 waves down from 1.0173. The drop below 1.0004 completed 5 waves down from 1.0173 and the pair may be in the early stages of at least a corrective rally back to 1.0173. We willl be able to better assess the situation (and the bullish potential) as the form of the advance unfolds.