We maintain that the USDCAD will come under .9710 in the near future; the only question is whether or not this happens with .9981 remaining intact. If .9981 was a top, then the USDCAD should have accelerated lower by now.
Since it has not, .9981 may be exceeded and price could test the 61.8% at 1.0011 or the 78.6% at 1.0093. Still, a longer term bearish bias is warranted against 1.0197.
