The USDCAD had a mixed week as the price moved higher during the middle of the week and then corrected lower when bad CPI data from the US came out. The recovery in the early part of the week was broadly based on the general recovery in the dollar strength across the board and also due to the weakness in the oil prices which have not been able to push ahead through the $50 mark for the past week. This weakness in the oil prices has also made the CAD trade weakly and made the upmove in the USDCAD easier during the first half of the week. USDCAD in Corrective Mode We had been mentioning in our forecasts that the region ... (full story)