Canadian Dollar Technical Outlook

Published May 1st, 2009 - 06:25 GMT
Al Bawaba
Al Bawaba

A larger USDCAD decline is underway towards 1.1359 and perhaps even lower.  Weakness, which is accelerating, strongly suggests that 5 waves from .9055 are complete at 1.3068.  1.2065 is short term resistance.