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USD/CAD Forecast Feb. 1-5 0

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar improved for a second straight week, as USD/CAD dropped 170 points. The pair closed at 1.3974, its lowest level in 4 weeks. This week’s highlight is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Federal Reserve was cautious in its policy statement , lowering the chances of a hike in March, and US durables looked awful last week. Canadian GDP posted a gain of 0.3%, matching the forecast. Updates: USD/CAD

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