LiteForex - Analytics

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    USD/CAD: analysis and forecast on 09.03.2015

    USD/CAD traded within a sideways channel all last week, except for Friday when statistics for the US labour market were published. Despite some expectations, they proved to be better than predicted and exceeded previous values. The unemployment rate dropped to 5.5% and new non-farm payrolls amounted to 295 thousand, against a forecast of 235 thousand. The straightening of the US dollar allowed the pair to approach a level of 1.2630 that was not broken and trades therefore closed at this level. 

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