CAD Intraday

CAD will have to stay below 1.1562 to confirm continuation down
Above that price level needs to break above 1.1576/80 to extend to 1.1679/88 to 1.1745/60
Pretty fuzzy picture however. If you look down there are to many first of a first of a... on the up side too many running Bs. Will wait for some more clues to unveil.
Most probable direction intraday is down to 1.1511 to 1.1497 second being more probable in such case.
Longer term outlook is still still very CAD bullish, at least I'm bullish on both Canadian Dollar as well as on some CAD stocks.
In fact on the Central Banks monetary policy dovish/hawkish scale, I expect this year CAD to be on the upper hawkish scale above EU and US. And since I'm on that subject, I expect BoJ (JPY) to flip on the Hawkish side this year, and BoE (GBP) to stay on the Dovish side.
More on rates later this week.
ID