Canadian Dollar Technical Outlook

Published June 16th, 2009 - 06:10 GMT
Al Bawaba
Al Bawaba


It is possible that the USDCAD decline from 1.3068 is complete but there remains a competing alternate in which the pair will drop to a new low (below 1.0780) before resuming the larger rally.  The 61.8% of the advance from .9055 is at 1.0417 and is potential support.