Entering text into the input field will update the search result below

USD/CAD Near Long-Term Lows, Targeting Further Downside

Apr. 22, 2011 11:55 AM ET
James Chen profile picture
James Chen's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

USD/CAD (a daily chart of which is shown) as of Friday (4/22/2011) has established yet a new 3+ year low at 0.9453 before bouncing back up above key 0.9500 support. This occurs within the context of a strong and well-formed parallel downtrend channel extending back to the October 2010 high. For more USD/CAD forex technical analysis, please click here.

James Chen, CTA, CMT

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.