USD/CAD Forecast Jan. 25-29

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Canadian dollar had a huge rebound last week, as USD/CAD plunged some 460 points. The pair closed at 1.4117. This week’s highlight is GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. In the US, inflation numbers were within expectations, but Unemployment Claims surged to their highest level in 11 months. The Canadian dollar improved after the BOC surprised the markets by not cutting interest rates, and strong retail sales also bolstered the

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