Commentary: Near term, expect a bounce in small wave iv of A towards the 38.2% of 1.0140-.9746 at .9902. The USDCAD should roll over near this level and drop below .9755 in order to complete larger wave A from 1.0248. A larger wave B bounce is then expected. In summary, the USDCAD will likely trade in a choppy manner for the next several weeks.
Strategy: Flat
Al Bawaba
