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Technical Analysis USDCAD : 2015-11-06

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    No change in Canadian dollar outlook Canadian dollar strengthened following the oil rally that started October 28. Labor market report on Friday is expected to indicate unemployment remained unchanged in October. Will the positive momentum carry the Canadian dollar higher against the US dollar? Bank of Canada left the interest rate unchanged at 0.5% at last policy meeting on October 21. At two previous meetings in July and January this year the central bank cut the interest rate by 0.25% to

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