The annual score for production and services in the United States increased by 2.2 percent in the fourth quarter of 2014, according to the "third" estimate released by the Bureau of Economic Analysis. Chair Janet Yellen said she expected the Federal Reserve to raise interest rates this year, and that subsequent increases will be gradual without following a predictable path. She said: "I expect that conditions may warrant an increase in the federal funds rate target sometime this year". After the initial increase, officials won't follow “any predetermined course of tightening" that involves similar-sized increases at regular intervals, Yellen said on a research conference sponsored by the Federal Reserve Bank of San Francisco, San Francisco, California March 27, 2015. The US dollar rebounds against most major pairs.

USD/CAD

We recommended buying in case the price corrected towards 1.2400 or 1.2370. The pair made a low at 1.2410 and changed its direction towards 1.2630. Now, we are in money of 200 pips. We request traders who followed my trade to move their stop loss at 1.2500. Until the price closes above 1.2530, bulls remain in play. The pair prepared a strong support base between 1.2350 and 1.2300 at 200MSMA. Until prices close above 1.2300, buying on dips still remains in play.