Commentary: The USDCAD is setting up for a big decline. 5 waves down from the top (1.0248) are complete at .9951. This decline completes either wave 1 or A of one larger degree. A wave 2 or B corrective rally should end in the 1.0064-1.0135 area (38.2%-61.8% of 1.0248-.9951). Get bearish in that zone, against 1.0248.
Strategy: Get bearish in the 1.0064-1.0135 zone, against 1.0248, target TBD
Al Bawaba
