Canadian Dollar Technical Outlook

Published March 5th, 2008 - 06:48 GMT
Al Bawaba
Al Bawaba



The rally from .9710 could be counted as an impulse.  As such, a bullish bias is warranted against .9710.  Potential support begins at .9826.  The next leg of the rally will be either wave 3 or C within the cycle from .9055.  The rally will probably be strong. The goal for this week is to position for a big move higher.