The pair moved lower into a major options strike located around 1.3538 on spot (the futures contract for the Loonie did touch this strike).
At the moment, price is trading between the 1/4 and 1/2 margin move measured from the recent local low.
Right now, there are no clear signals. We need confirmation for a deeper corrective move-specifically, a close above the 1/2 margin level, which currently sits around 1.3640 on spot.
