Canadian Dollar Technical Outlook

Published May 2nd, 2008 - 02:39 GMT
Al Bawaba
Al Bawaba

Patience is paying off.  “We remain aggressive USDCAD bulls as advances since the .9055 low are in 5 waves and declines are in 3 waves. 



Near term, price should remain above .9998 and we will not even think about an objective until the pair has exceeded 1.0324.”  Risk can be moved to 1.0037