Canadian Dollar Technical Outlook

We maintain a bullish bias against .9997 since the rally from there is in 5 waves.

Due to the 5 wave advance from .9997, it is proper to treat the decline from 1.0241 as a truncation (wave Y). Very short term, a small 2nd wave (ii) may be complete at 1.0024. The minimum objective is above 1.0324.
STRATEGY: Bullish, against .9997, target above 1.0324