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USDCAD Expected Price Bounce

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USDCAD, Daily The CAD has been gaining strength in recent days as crude oil prices move higher following speculation that oil producers will reduce supplies. Also, providing some support for the CAD is the fact that the BoC left rates unchanged when the markets were forecasting a cut by 25 basis points. CAD traders for today should keep an eye on today’s Canadian economic calendar since on tap are the November GDP and Dec Product price Index. Also, keep an eye out for the U.S.

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