Commentary: The large double zigzag that we proposed may be complete. The USDCAD has run into resistance from former congeston (circled) and the 50% of 1.0866-.9055 at .9961. Still, the rally from .9055 is likely just the first leg in a larger rally.
Therefore, the expected setback offers an opportunity to get bullish. Potential support begins at .9703.
Strategy: Exit bullish position