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Technical Analysis USDCAD : 2016-03-04

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Canadian dollar: reversal of downtrend at last? Canadian dollar had been weakening with falling commodity prices. Oil prices have been edging up after major crude oil producers tentatively agreed to freeze output at January levels. Recent GDP report boosted the Canadian dollar as the economy recorded a surprise positive growth. The trade balance report today is expected to indicate the trade deficit edged higher. Will the Canadian dollar continue strengthening against the US dollar? Canadian

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