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USD/CAD Forecast April 18-22

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar posted strong gains last week, climbing 160 points. USD/CAD closed the week at 1.2815, its lowest level since July 2015. This week’s key events are consumer inflation and retail sales reports. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. As expected, the Bank of Canada held rates at 0.50%. In the US, both retail sales and inflation reports missed expectations, which has likely taken an April rate off the table. As well,

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