USD/CAD Outlook – February 8-12
The Canadian dollar retreated against the greenback on a wild week  but was less damaged than other currencies. The upcoming week provides a double-feature trade balance release among other events. Here’s an updated outlook for Canadian events and an updated technical analysis for USD/CAD. USD.CAD chart with support and resistance lines marked on it. Click to enlarge: Canadian employment figures were excellent , with a nice drop in the unemployment rate to 8.3% and a nice gain in jobs. This saved USD/CAD from rising above 1.0750 while the dollar was raging after the NFP . This will be felt also in the upcoming week. Let’s start the review: Housing Starts : Published on Monday at 13:15 GMT. Last week’s Building Permits rose by a lower-than-expected scale, far…
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