Canadian Dollar Technical Outlook

Published March 3rd, 2008 - 08:29 GMT
Al Bawaba
Al Bawaba

The rally from .9710 could be counted as an impulse.  As such, a bullish bias is warranted against .9710.  Potential support begins at .9826. 



The next leg of the rally will be either wave 3 or C within the cycle from .9055.  The rally will probably be strong. The goal for this week is to position for a big move higher.