Canadian Dollar Technical Outlook

Published August 5th, 2008 - 06:03 GMT
Al Bawaba
Al Bawaba


As expected, the USDCAD has broken higher from the triangle that has formed since January.  This bullish break will complete a 3 wave corrective advance from .9055.  Objectives are in the 1.05-1.08 zone.  Expect the advance to continue.