Canadian Dollar Technical Outlook

Published May 4th, 2009 - 07:25 GMT
Al Bawaba
Al Bawaba


A larger USDCAD decline is underway towards 1.1359 and perhaps even lower. Weakness, which is accelerating, strongly suggests that 5 waves from .9055 are complete at 1.3068. 1.1980 is short term resistance.