The Loonie has rallied off of Monday’s low and has confirmed a new bullish pattern on the daily chart.  We now have several active bullish patterns on the daily and weekly charts, and although the decline of the last two sessions was impulsive on intraday timeframes, it stopped one pip above an important prior low at 0.9788.  Viewing the failure to get past that low and the subsequent rally to confirm the new daily pattern as bullish, we should watch for a camouflaged opportunity to get long.  This appears most likely in the event of a rally to slightly above the prior intraday high of 0.9882 followed by a pullback, a situation which closely resembles the one described in today’s gold tout.  Our minimum upside objective is 0.9960, the midpoint of the new daily pattern.  (Posted by Doug McLagan) _______ UPDATE (7:20 p.m. EST): Anyone who got long before 9:00 a.m. EST went for a profitable ride up, courtesy of a Canadian central bank announcement suggesting higher interest rates to come.  The downward impulse of Friday was wiped out, and our upside objective of 0.9960 was surpassed easily.  The associated “D” target of 1.0131 looks like a chip shot from here.