LiteForex - Analytics


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    USD/CAD: general analysis on 04.03.2015

    The USD/CAD has been trying to hold above 1.2555 since the beginning of this week, but data on Canadian GDP from Canada interfered with the process. The annual index amounted to 2.4% against a forecast of 2%, which helped the Canadian dollar appreciate against the US dollar and dropped the rate to 1.2435. Yesterday the pair managed to claw back positions and got back to a level of 1.2500.  At the moment it’s trying to break through up to yesterday's maximums. 


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