USD to CAD - Daily Candle Chart 16th February 2009

USD to CAD - Daily Candle Chart 16th February 2009

The daily chart for the usd to cad, really says it all! Until we see a breakout signal then there is very little that I can add to previous comments. The weekly chart provides no signal at the moment, and all we can hope for is that the monthly chart may provide a view, but I am not holding my breath. The technical news this week is outlined in the usd to cad weekly post. There is very little news out today as it is a public holiday in the US and markets will be thin until tomorrow.

The short term and medium term outlook is sideways, the long term is bearish.