Canadian Dollar To Test 1.0000 Already?
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
Commentary: The USDCAD rally from .9055 has gone without much interruption and may have still more left to the upside near term. Zooming in on the 15 minute chart, the rally from .9703-.9861 is a 5 wave rally, suggesting tha the path remains to the upside.
The next level of potential resistance is at the 50% of 1.0866-.9055 at .9961 and the 10/4 high at 1.0015.
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