Canadian Dollar Technical Outlook

Published June 3rd, 2009 - 06:29 GMT
Al Bawaba
Al Bawaba


The speed of the decline from 1.1820 and the RSI extreme make it likely that the decline is a 3rd wave. As such, favor a corrective rally to the 1.1180-1.1300 zone (Fibonacci and structural) before a drop to a new low to complete wave v of C.