USD/CAD rose by 150 pips last week, but bounced at the critical 1.1470 mark. On the eve of a new trading week, USD/CAD stands at 1.1350. This week’s FOMC Statement and two Canadian events, Foreign Securities Purchases and a speech by Mark Carney will determine the direction of the loonie. Will it break the huge resistance line? Will it tumble down? Canadian dollar outlook for the fourth week of June. (full story)