The currency pair USD/CAD continues to move within the upward trend and at the moment it is expected to continue growth in the area above the level of 1.3850. In favor of the growth of the pair’s quotations, a tight test of the support area on the price chart will perform, as well as an upward trend test on the relative strength indicator. The cancellation of the growth of the USD/CAD pair quotes will result in a fall and breakdown of the region of the lower border of the uplink, which will indicate that the pair will continue to decline.
USD/CAD Canadian Dollar forecast on May 4, 2017
Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting, the balance of foreign trade balance, the speech of the head of the Bank of Canada with a speech.
USD/CAD Canadian Dollar forecast on May 4, 2017 suggests an attempt to continue the pair’s growth to the area above the level of 1.3850 within the rebound from the uplink of support on the relative strength indicator, the breakdown will be a breakdown of the region of the lower border of the rising channel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
