Canadian Dollar Technical Outlook

There is no change to the USDCAD analysis as the pair has blown through the first objective (1.05) and is nearing the second objective (1.08). “The USDCAD break higher from the triangle will complete a 3 wave corrective advance from .9055. Objectives are 1.05 and 1.08. The rate of change has accelerated recently, indicating that the advance probably will extend from near current levels.” Move risk up to 1.0448.