USD/CAD Forecast Jan. 4-8

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Canadian dollar was uneventful in the final week of 2015, as USD/CAD was unchanged. The pair closed at 1.3830. There are seven events this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. US numbers were not impressive last week, as unemployment claims and housing reports were short of expectations. There was some better news from consumer confidence, which beat the forecast. There were no Canadian releases during Christmas week. Updates:

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