C$ For Year-End 2014

By Martin Armstrong of Armstrong Economics

Economist at Armstrong Economics • Dec 31, 2014 at 2:16 PM EST

Everything appears to be on track for a serious US dollar rally no matter what currency we look at. The two key target in the Canadian dollar will be 2016 and 2019.

A closing today for the C$ above the 10660 level will keep this currency weak against the US$. Resistance stands at the 11860 followed by 12102 with support at 11570 level. The Yearly Bullish Reversal stands up at 12426. Everything appears to be on track for a serious US dollar rally no matter what currency we look at. The two key target in the C$ will be 2016 and 2019.

Disclosure:

None.