Commentary: We have showed the daily chart with the resisting trendline and 61.8% Fibonacci level the last few days. That confluence turned us bearish near 1.0200 and there is much more bearish potential.
In fact, the USDCAD will not even have retraced 38.2% of its rally from .9055 until .9772. Potential support prior to that level is a line at .9940. In sunmmary, remain bearish.
Strategy: Bearish move risk to 1.0149 (from 1.0216), target 1 at .9790