The USDCAD has consolidated in recent days but there is no change to the longer term count that calls for a push through 1.0324 and test of 1.05 and possibly 1.0866 (former major congestion).
The alternate (in red) has yet to be disproved and is gaining traction with each day that the USDCAD fails to break higher. In the case of the triangle, the rally from .9818 would be wave D of the triangle and wave E lower is underway now. E waves are often sharp and deep so a drop below 1.00 is likely if a triangle is unfolding.
STRATEGY: Bullish, against .9967, target above 1.0324 (but should be in a small position now since the triangle count is becoming more and more probable each day)