Canadian Dollar Technical Outlook

This is a close up view of wave E.

There is the possibility that the wave E decline is complete at 1.0047. 5 waves up from 1.0047 has hade us bullish against that level since the beginning of the month. If the count above is correct, then the USDCAD needs to surge higher soon.

STRATEGY: Bullish, against 1.0047, target above 1.0378