Canadian Dollar Technical Outlook

Published March 11th, 2008 - 05:17 GMT
Al Bawaba
Al Bawaba

We maintain a bearish bias against 1.0197.  It is possible that a top is in at .9981 but a push through there would expose the 61.8% and 78.6% Fibo levels at 1.0011 and 1.0093. 



The two scenarios are outlined on the chart.