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Chart of the Day Update: Usd/Cad Temporary up-trend

Published 12/31/2000, 07:00 PM
Updated 01/28/2010, 03:06 PM
USD/CAD
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CAD/USD
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Chart of the Day:

USD/CAD

USD/CAD reversed sharply off support recently, when the pair was unable to break through the 1.0205 lows of 2009. This reversal looks quite strong and impulsive, which signals for mid-term Long moves on the USD/CAD pair.  We will look for much higher levels in the coming weeks, but only if the recent 1.0223 lows stays in place.

At 1.0223 a truncated wave 5) has completed a Short black wave A/1 leg.

CAD/USD-cad314.2.gif" target="_blank" rel="nofollow">TheLFB ChartingUSD/CAD daily view

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