The Canadian dollar retreated against the greenback, but USD/CAD eventually closed under parity. A busy week awaits loonie traders, with the rate decision and inflation data setting the tone. Will the pair pick a direction? Here’s an outlook for the Canadian events and an updated technical analysis for the USD/CAD. Last week international trade surplus plunged from $1.9 billion in January to $292 million in February. The more worrying news came from the US, that saw jobless claims jump out of range. Canada is highly dependent on US demand. Let’s see what is in store for us this week. USD/CAD daily chart with support ... (full story)