Loonie Tests Support?

[errolanderson]

Spot Cdn dollar angled toward 97 cents
U.S. today. An opinion only, but this is
an area of buyer support.

But should crude oil keep dropping
toward $85 per barrel, there is a case
for our dollar to make a move toward 95
1/2 cents.

This weakness is sure some welcomed
relief. U.S. dollar is being targeted as
the safe haven investment rather than
precious metals.

Errol

[burnt]

There are predictions of .90 by fall, based on a continuing decline in crude values.

[errolanderson]

burnt . . . major technical support on
crude oil is way down at $77 per barrel.
That would shock the Alberta oil crowd and
the loonie as well should that occur.