Canadian Dollar Technical Outlook

Published March 18th, 2009 - 06:57 GMT
Al Bawaba
Al Bawaba

Longer term, if the USDCAD is breaking higher in an impulse as a terminal thrust from a triangle (that had been underway since October), then price needs to remain above 1.2348.  The USDCAD has held the 61.8% of 1.2348-1.3068 at 1.2618.