Canadian Dollar Technical Outlook

Published June 8th, 2009 - 06:10 GMT
Al Bawaba
Al Bawaba


US Dollar / Canadian Dollar



A rally above 1.1475 would be strong evidence that a significant low is in place.  Until then, the USDCAD is vulnerable as the pair remains below a resistance line extended from the 4/23 and 5/18 highs.