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Canadian Dollar 9710 an Area of Interest

Canadian Dollar 9710 an Area of Interest

2011-02-25 16:01:00
Jsaettele,
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Daily Bars

eliottWaves_usd-cad_1_body_usdcad.png, Canadian Dollar 9710 an Area of Interest

Prepared by Jamie Saettele

After testing a trendline that extends off of the August and October lows (and the 50 day SMA), the USDCAD has slipped yet again to multiyear lows. Focus is on the downward sloping trendline and 9710, which was important support in February 2008.

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