USDCAD Correcting to at least 1.0360

With no evidence of a bottom, we must remain bearish. A correction of the 5 wave decline from 1.0591 may be unfolding now. Wave c of the correction may be underway now and is expected to exceed 1.0362 (origin of wave a) before bearish potential returns. A deeper correction could test 1.0445 (former 4th wave).