The Canadian dollar showed some strength during the week, but ended the week almost unchanged. USD/CAD closed just above the 1.26 line. It’s a quiet week, with just three events this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.
There were no Canadian economic releases last week. In the US, inflation beat expectations and New Home Sales were also stronger than expected. However, weak durable goods orders and GDP missed their estimates.
Read the rest of the article USD/CAD Forecast Mar. 30 – Apr. 3