USD/CAD Forecast Oct. 26-30

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Canadian dollar had a week to forget, losing over 250 points last week. USD/CAD closed the week at 1.3163. This week’s key event is GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. USD/CAD posted sharp gains after the BOC presented a pessimistic growth report, as low oil prices continue to hobble the Canadian economy. There was more bad news for the loonie, as Core Retail Sales and Core CPI both missed their estimates. In the US, housing

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