USD/CAD Forecast Aug. 31-Sep. 4

USD/CAD gained strength early in the week but then retracted and was almost unchanged on the week, as the pair closed just under the 1.32 line. There are six events this week, highlighted by GDP and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.

In the US, Preliminary GDP beat expectations but home sales and consumer sentiment disappointed. There were no major Canadian releases last week.

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