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USD/CAD Forecast Mar. 21-25

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar continued to move higher last week, posting gains of 240 points, closing at 1.2994. This marked the first weekly close below the 1.30 line for the first time since October 2015. This week’s sole event is the Annual Budget Release. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Federal Reserve was very dovish in its policy statement, sending the greenback to lower levels. Canadian retail sales posted strong gains, helping the

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