Canadian Dollar Working Towards .9800

Commentary: Although the USDCAD did drop below .9743, the .9706 low remains in place. It is possible that a larger correction is underway from .9706 as the decline from .9820 does not look like an impulse.

Under this scenario, the rally should accelerate. The next level of chart resistance is .9894.
Strategy: Bullish, against .9706, target TBD