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USDCAD is moving to the next short term cycle top

Commodity VS Dollar Discuss on the commodity dollars versus the US Dollar: AUDUSD, USDCAD, and USDCAD.

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09-29-08, 10:54 PM

ForexCycle.com ForexCycle.com is offline

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USDCAD is moving to the next short term cycle top

USDCAD is moving to the next short term cycle top on 4-hour chart. Further rise towards 1.0560 is still possible later today. However, the rise from 1.0297 is treated as correction to the down trend. Pullback to retest 1.0297 level could be seen in a couple of days, and a break below this level will signal deeper decline to 1.0200 zone.

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