The USDCAD count is tracking well.
We had mentioned in recent days that “the decline is expected then to continue until measured support, which begins at .9945 and extends until .9841. The larger bullish bias is valid against .9710.” The pair is nearing support from the 61.8% of .9710-1.0324 at .9945. The next level of potential support is just below there at .9903 (100% extension of 1.0324-.9987/1.0241).
