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USD/CAD Forecast March 7-11

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar rally continued last week, gaining about 240 points against the US dollar. USD/CAD closed the week just above the 1.33 line and is trading at its lowest level since early December. This week’s highlights are the Overnight Rate and Employment Rate. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar received a boost from GDP, which posted a gain of 0.2%, ahead of the forecast of 0.1%. In the US, a weak services

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