Canadian Dollar Technical Outlook

Published July 2nd, 2008 - 06:32 GMT
Al Bawaba
Al Bawaba

This is a close up view of wave E of the triangle (which is larger wave B within an A-B-C from .9055).



With the advance from 1.0047 taking an impulsive look, probability is high that the wave E low is in place.  Look for support near 1.0150.

STRATEGY: Bullish, against .1.0047, target above 1.0324