Canadian Dollar Technical Outlook

Published July 9th, 2008 - 06:27 GMT
Al Bawaba
Al Bawaba

Bottom line is that we remain bullish as long as price is above 1.0047.



With price above there, we maintain that a triangle is complete.  Some doubt has entered out mind regarding this count simply because the USDCAD has not yet accelerated higher in a 3rd wave.

STRATEGY: Bullish, against .1.0047, target above 1.0324