USDCAD Bullish Implications

Published April 28th, 2009 - 12:34 GMT
Al Bawaba
Al Bawaba

The count that I have been focusing on for the last week or so has me looking for a wave 4 low.  One may be in place at 1.1976.  If so, then the USDCAD should stay above 1.2072 as a small 3rd wave makes its way higher.  A short term target is above 1.2510.  A long term target is above 1.3068 (3 months +).