Canadian Dollar (Cad) monthly forecast from 14/July/10.

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Cad is likely to buy:

Currency	current_value	minimum	maximum
Cad/Usd	0.9693	0.9540	0.9862
Cad/Aud	1.0980	1.0563	1.1443
Cad/Chf	1.0221	0.9814	1.0484
Cad/Inr	45.2457	44.9240	45.4167
Cad/Cny	6.5688	6.4813	6.6068
Cad/Jpy	85.6596	81.8585	87.9675
Cad/Brl	1.7057	1.6587	1.7347
Cad/Gbp	0.6350	0.6145	0.6595
Cad/Nzd	1.3408	1.2922	1.4057
Cad/Zar	7.3000	7.2462	7.3850
Cad/Eur	0.7597	0.7375	0.7872

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.

Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts
The Canadian Dollar could weaken along with the other commodity currencies (such as the Nzd, Aud and Zar) if the market sentiment were to turn. All alternatives are looking overvalued not by much, but about 200 pips.

Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/canadian-dollar-cad-monthly-forecast.html