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USD/CAD Forecast April 11-15

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar showed some strong movement last week but closed with slight gains. USD/CAD closed the week at 1.2980. This week’s key events are the Overnight Rate and Manufacturing Production. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. In the US, ISM Non-Manufacturing PMI beat the estimate, and the Fed minutes indicated that an April hike was very unlikely. The Canadian dollar lost ground early in the week but recovered following

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