USDCAD: This Week's Technical Opportunity

Published November 3rd, 2006 - 07:16 GMT
Al Bawaba
Al Bawaba

Current Price: 1.1305

 

The USDCAD has formed a large base from which to work higher.  Breaks above/below the pivot zone do indicate a bullish or bearish bias and present opportunities.  In the short term, a support line has formed just above current price (1.1300).