The Canadian Dollar continued to edge higher as expected. A Spinning Top candlestick above support at 1.0970 marked by the 38.2% Fibonacci retracement points to indecision and hints a bounce may be ahead. A reversal back above the 23.6% level at 1.1067 aims for the
A long position at current levelsseems premature absent confirmation of reversal. On the other hand, a long tradelooks unattractive from a risk/reward perspective as prices too close to relevant resistance. We will continue to wait on the sidelines for an actionable setup to present itself.