in the wake of the charged news cycle, price is trading in no man's land. It will take some time for this market to set up one way to the other, but for now, it is trending to the bear.
Technically, my long term bullish bias remains intact. Trade is still well above support, with the bollinger MP and Daily SMA running near parallel with an upward slope. This is an extremely bullish sign.
Early next week features U.S. CPI and Retail Sales numbers as well as another speeck by BoC Governor Poloz. AFter the dust settles from today actions, we may be in a position to aggressively engage the Loonie.