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USD/CAD Forecast March 14-18

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar posted strong gains for a third straight week, gaining about 130 points against the US dollar. USD/CAD closed the week at the 1.32 line and is trading at its lowest level since early November. This week’s highlights are Manufacturing Sales, CPI and Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The BoC maintained interest rates at 0.50% and sounded cautiously optimistic about the economic conditions. The Canadian

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