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USD/CAD Price Forecast: Dollar-Cad Crushed, Finds Fibonacci Support
It’s been a rough week for the US Dollar; and given the addition of some CAD-strength, helped along by higher Oil prices, USD/CAD has pushed down to a fresh three-week-low. This morning also brought out the release of Canadian employment numbers which, by and large, printed with some positivity. The Canadian economy added 378.2k jobs versus an expectation of 156.6k; and the unemployment rate of 9% beat the expectation for a 9.7% print and was well inside of last month’s 10.2% read. That employment report helped to bring an impulse move into the pair as price action pushed down to a fresh three-week low until, ... (full story)