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USD/CAD Forecast Dec. 28 – Jan. 1

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CAD dropped about 150 points. The pair closed just above the 1.38 level.There are no Canadian economic releases this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. In the US, Final GDP for the third quarter was respectable, with a gain of 2.0%, very close to the estimate. Housing numbers disappointed, and durable goods were weak, but within expectations. Canadian GDP posted a flat reading of 0.0%, which was a strong improvement over the

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