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USD/CAD Forecast Dec. 14-18

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CAD posted its largest weekly gain since January, gaining about 370 points. The pair closed at 1.3754, its highest levels since June 2004. This week’s key events are Manufacturing Sales and Core CPI. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. In the US, retail sales and inflation numbers met expectations late in the week. Expectations of a rate hike at the all important Fed policy meeting enabled the US dollar to rack up huge gains against

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