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Canadian Dollar Range Tightens

Canadian Dollar Range Tightens

2011-03-29 15:14:00
Jsaettele,
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Daily Bars

eliottWaves_usd-cad_1_body_usdcad.png, Canadian Dollar Range Tightens

Prepared by Jamie Saettele

No change for the USDCAD as the range has tightened – “The USDCAD has spent enough time above its former resistance line to qualify as a legitimate break. Near term, the rally is constructive although formation of a secondary low has proven elusive. A move above 9863 is needed in order to inspire confidence in the upside. Until then, downside potential remains.”

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