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USD/CAD Forecast Feb. 22-26

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar posted modest gains last week, as USD/CAD closed the week at 1.3845. This week has just two events on the calendar. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. In the US, employment numbers improved, as Unemployment Claims dropped to 262 thousand. CPI and Core CPI edged above their estimates, reviving speculation about a March rate hike. Canadian numbers were mixed, as Manufacturing Production beat the forecast, while Core

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