Looking for the latest outlook for this week? Check the full section: Canadian Dollar Forecast The Canadian dollar continues to show strength. It held to the range and gained 180 pips this week against the greenback. No events are due in Canada in this thin-volume week, so the outlook is only technical this time. USD/CAD chart with support and resistance lines marked on it. Click to enlarge: Weaker-than-expected GDP didn’t hurt the loonie’s ride, nor did the modest retails sales release. Let’s examine the charts: USD/CAD Technical Analysis USD/CAD traded between 1.07 and 1.0447 in the past week, a lower range than the previous week. The range of 1.04 to 1.0750 continues to dominate this pair’s trading. The lines haven’t changed from last week’s outlook. Above 1.0750, 1.0850 was the previous peak and is a minor resistance line. Further above, 1.1130 is a very important resistance line, working as such more than once this year. Looking down below 1.04, 1.02 is the next support line. It was the year-to-date low, and probably won’t be challenged. Also parity, the ultimate support line, looks too far now. I am still neutral on USD/CAD The strength of the Canadian dollar is quite impressive, and there are reasons for this. Strong inflation figures, great employment numbers and great housing figures. But a break downwards probably won’t happen this week. Further reading on Forex Crunch: For a broad view of all the week’s major event in all currencies, read the forex weekly outlook. For the Euro, read the EUR/USD forecast. For the British Pound, check out the GBP/USD forecast. For the Australian dollar, read the Aussie forecast. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Canadian Dollar Forecast share Read Next AUD/USD Forecast – December 28-31 Yohay Elam 12 years Looking for the latest outlook for this week? Check the full section: Canadian Dollar Forecast The Canadian dollar continues to show strength. It held to the range and gained 180 pips this week against the greenback. No events are due in Canada in this thin-volume week, so the outlook is only technical this time. USD/CAD chart with support and resistance lines marked on it. Click to enlarge: Weaker-than-expected GDP didn't hurt the loonie's ride, nor did the modest retails sales release. Let's examine the charts: USD/CAD Technical Analysis USD/CAD traded between 1.07 and 1.0447 in the past week, a lower… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.