FOREX ALERTS >>
DailyFX Plus Login

cad technicals

Article

Canadian Dollar Technical Outlook
Friday, 07 November 2008 14:17:54 GMT  |  Jamie Saettele, Senior Currency Strategist
Delicious
Facebook

A wave 4 low may be in place for the USDCAD. 

A line drawn off of highs from late 2007 / early 2008 has probided support ahead of 1.13, which is the 4th wave of one less degree as well as the 50% retracement of the rally from .9817 (low of wave 2).  If a low is in place, then price should remain above 1.16.

More Articles

Feedback Form