Canadian Dollar Technical Outlook

Published April 28th, 2009 - 06:08 GMT
Al Bawaba
Al Bawaba


“The trend remains up as long as price is above 1.1976.  Staying above there keeps open the possibility that a wave 4 low is in place within the 5 wave advance from .9055.”  The USDCAD has shown signs of stabilizing above 1.1976 so favor the upside.  The minimum objective is above 1.2510.