Chinese EspaƱol Sat, 17 May 2008
head-search-back
News Calendar Charts Currency Rooms Forum DailyFX Plus Sign In

advertisement

Canadian Dollar Technical Outlook

Monday, 05 May 2008 14:13:09 GMT

Written by Jamie Saettele, Currency Analyst

We remain aggressive USDCAD bulls as advances since the .9055 low are in 5 waves and declines are in 3 waves. 

Near term, price should remain above .9998 and we will not even think about an objective until the pair has exceeded 1.0324.  Near term, the rally from 1.0037 is in 5 waves and may be wave i of a bull cycle.  Short term support is at 1.0115/40.

< Prev    Next > [ Back ]