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USD/CAD Forecast Feb. 29 – Mar

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar surged last week, gaining close to 200 points against the US dollar. USD/CAD closed the week just above the 1.35 line, its lowest level in 11 weeks. This week’s highlights are GDP and Trade Balance. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The US had a mixed week, as employment and housing reports missed expectations, but there was some positive news from the manufacturing sector, as durable goods sparkled. There were no

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