The rally did extend but not in wave iii. The USDCAD has either traced out a series of 1st and 2nd waves or has completed an a-b-c correction at .9820.
A bullish bias is warranted as long as price is above .9743. Confidence in the bull scenario increases on a rally through .9820.
Strategy: Remain Bullish, against .9743, target TBD
