Canadian Dollar Technical Outlook

Published February 26th, 2008 - 05:31 GMT
Al Bawaba
Al Bawaba



The USDCAD resembles that of either a C or 3rd wave.  The minimum expectation is below .9755 and objectives are at .9691 and .9378.  Potential resistance is in the 1.0006/33 zone.  Risk can be moved to 1.0165.   

STRATEGY: Bearish, against 1.0378, target below .9755