Canadian Dollar Technical Outlook

The USDCAD continues to work higher from the 78.6% of .9710-1.0324 at .9841.

The push through .9997 is evidence that a low is in place. Risk can now be moved to .9823. Remember, the minimum objective is above 1.0324. The alternate (in red) is a triangle, so think about taking some longs off of the table near 1.02 (current price). The rally from .9818 would be wave D of the triangle (to be followed by wave E lower and then a bullish breakout).
STRATEGY: Bullish, against .9967, target above 1.0324