We view the rally from .9674 as an A-B-C advance (corrective) but this does not mean that the larger downtrend is back underway (similar to the EURUSD).

The advance may well be the first leg in a larger, more complex upward correction but a sizeable decline is expected regardless (probably into parity).   

STRATEGY: Bearish, against 1.0624, target below 1.0389