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USD/CAD Forecast Feb. 8-12

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar flexed some muscle during the week, climbing to its highest levels since early December. USD/CAD closed the week at 1.3915. This week has just three indicators. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar posted strong gains following a weak US Services PMI. USD/CAD bounced higher on Friday, due to soft employment numbers in the US and in Canada. Updates: USD/CAD daily graph with support and resistance

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