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Canadian Dollar at 2008 High (USDCAD 2008 Low)

Canadian Dollar at 2008 High (USDCAD 2008 Low)

2011-03-30 15:21:00
Jsaettele,
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Monthly Candles

eliottWaves_usd-cad_1_body_usdcad.png, Canadian Dollar at 2008 High (USDCAD 2008 Low)

Prepared by Jamie Saettele

The USDCAD, while it remains above the March low, is vulnerable as long as price is below 9826. I am pointing out the monthly chart today in order to convey the importance of the 9700 level. 9710 was the 2008 low and the base from which the USDCAD exploded higher.

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