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Technical Analysis USDCAD : 2015-10-08

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Canadian dollar reversing bearish trend Canadian dollar strengthened following GDP report last week indicating Canadian economy continued expanding after contracting in the first half of 2015. Labor market report on Friday is expected to indicate unemployment declined in September. Will the positive momentum carry the Canadian dollar higher against the US dollar? As a result of monetary easing by Bank of Canada which cut interest rates twice in 2015 Canadian economy continued expanding in July

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