Canadian Dollar Technical Outlook

Published September 25th, 2008 - 06:27 GMT
Al Bawaba
Al Bawaba

The USDCAD is completing 5 waves down from above 1.08. 



The impulsive drop confirms the larger bearish bias and call for much, if not all, of the advance from .9055 to be retraced.  Support is at 1.01.