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USD/CAD Forecast Jan. 11-15

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar resumed its sharp slide last week, as USD/CAD plunged 300 points. The pair closed at 1.4169. The upcoming week is a quiet one, with just three events on the schedule. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar has looked dismal, posting three sharp weekly losses in the past five weeks. Canadian Ivey PMI plunged in December to 49.9 points, compared to 63.6 points a month earlier. Employment Change

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