USD/CAD Forecast April 12-16 – Fed Remains Dovish, Canadian Job Creation Sparkles

1.2398 has held since mid-March.

1.2288 is an important monthly support level. It is the final line for now..

I am bearish on USD/CAD

The Canadian economy is finding its footing, and employment numbers continue to impress. The US economy is also heating up, which should raise risk sentiment and boost minor currencies such as the Canadian dollar (FXC, UDN).

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