USD/CAD Analysis (September 1)

If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.
The pair continues to retrace its previous rally and is now poised to test the 50% fib level and key support at 0,97. This level should offer some good support.
In any case, we will need to see a break above parity to confirm a long term bullish outlook.