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Canadian Dollar Focus on 10860

By Jamie Saettele, CMT, Sr. Technical Strategist
24 August 2010 15:38 GMT

Daily Bars

eliottWaves_usd-cad_1_body_DT824cad.gif, Canadian Dollar Focus on 10860

“There are 5 waves up from the low (10105), so a correction should lead to a solid buying opportunity. 10590 would be the initial bullish objective.” 10590 has been reached and focus in the top of the year + range at 10860, which also serves as a neckline to an inverse head and shoulders pattern.

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24 August 2010 15:38 GMT