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US Dollar Forecast: USD/CAD Selloff Eyes March Low
USD/CAD slips below the 50-Day SMA (1.3512) as it tumbles to a fresh weekly low (1.3478), and the exchange rate may continue to give back the advance from the March low (1.3420) as it struggles to hold within the ascending channel from earlier this year. US Dollar Forecast: USD/CAD Selloff Eyes March Low USD/CAD appears to be under pressure after failing to test the December high (1.3620) during the previous month, but the exchange rate may hold within the March range as the Federal Reserve and Bank of Canada (BoC) carry out a data dependent approach in managing monetary policy. In turn, speculation surrounding Fed ... (full story)