The Canadian dollar started the week with strong gains, but was unable to consolidate and lost about 150 points on the week. USD/CAD closed at 1.2466. This week’s major events are Ivey PMI, Building Permits and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.
Updates:
USD/CAD daily chart with support and resistance lines on it. Click to enlarge:
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