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usd/cad Technicals

Thursday, 09 October 2008 14:48:50 GMT

Canadian Dollar Technical Outlook

By Jamie Saettele, Senior Currency Strategist

usd/cad Fundamentals

Friday, 10 October 2008 23:13:26 GMT

Canadian Dollar Could Gain On Technical Retracement

By Terri Belkas, Currency Strategist
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

Canadian Dollar (CAD)

 ico-clock Current Time - Toronto: 7:17 AM | EST: 7:17 AM | GMT: 11:17 AM


SENTIMENT AND POSITIONING
SSI Positioning

USD/CAD Ratio: 1.62
Trading Forecast: Bearish


Full Article
COT Positioning

CAD:  The 52 week index is at 6 after being at 0 last week.  Before the 2007 low (USDCAD top), Cad lows tended to occur when the composite COT was in the -60,000 range.  


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
CAD New Motor Vehicle Sales (MoM) (AUG) -1.0% -0.8%
CAD Manufacturing Shipments (MoM) (AUG) -0.5%


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Technicals - Support and Resistance for CAD
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.1791 High 38.2% Fibo 1.6197 - 0.9084 Benchmark 2.50
R3 1.1500 Medium Psychological Resistance
R2 1.1374 High 7/28/06 High 1 Week 3.808
R1 1.1172 Medium 5/11/2007 High 1 Month 3.750
S1 1.0815 Weak 10/06 Low 3 Month 3.767
S2 1.0622 High 20-Day SMA 6 Month 3.825
S3 1.0578 High 50-Day SMA 9 Month 3.917
S4 1.0310 High 38.2% Fibo 0.9068 - 1.1082 1 Year 3.978
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FROM THE CENTRAL BANK
  Central Bank: Bank of Canada
  Current Bias: Dovish
  Current Interest Rate: 2.50%
  Last Change: 10/08/08 cut 50bp
  Next Meeting: 10/21/08  More Dates
Latest Bank of Canada Interest Rate Outlook		  
Central Bank Governor: Mark J. Carney

Current Voting Members: Mark J. Carney, W. Paul Jenkins, Sheryl Kennedy, Pierre Duguay, David Longworth