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USD/CAD Forecast Oct. 12-16

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar repeated with an excellent week, posting gains of more than 200 points. USD/CAD closed at 1.2942, its lowest level since July. This week’s highlight is Manufacturing Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar gained ground as a result. The Canadian dollar received a boost from a better than expected Canadian employment numbers and higher oil prices. In the US, the dovish Fed minutes sent the

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