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USD/CAD – Loonie Higher After Oil Recovers

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar had a positive start of the trading week as U.S. data was softer and the price of energy recovered during the North American trading session. The loonie has been on the back foot due to a strong Fed rhetoric from policy members that has boosted the USD, the volatile nature of the price of oil that awaits the April 17 Doha output freeze summit and finally the release of the Canadian federal budget, while not a disappointment was indeed cautious. Fedspeak gave a shot in the

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