Canadian Dollar Technical Outlook

We remain aggressive USDCAD bulls as advances since the .9055 low are in 5 waves and declines are in 3 waves.

Near term, price should remain above .9998 and we will not even think about an objective until the pair has exceeded 1.0324. Near term, the advance from .9987 is a series of 1st and 2nd waves. As such, the rally should accelerate this week.