The currency pair Canadian Dollar to US Dollar USD/CAD continues to develop a strong upward trend and at the moment there is a potential for continuing growth in the area above 1.38 level. In favor of the development of an upward trend is the breakdown of the Forex Triangle model on the indicator of relative strength.
USD/CAD Forecast Canadian Dollar on May 3, 2017
The cancellation of the growth of the pair USD/CAD will be the fall and breakdown of the lower border of the rising channel, which will indicate the continuation of the development of correction for the pair.
Among the important news from Canada, which can have a strong impact on the Canadian dollar rate, it is worth highlighting, the GDP volume change.
USD/CAD Forecast Canadian Dollar on May 3, 2017 suggests an attempt to continue growth in the area above the level of 1.38 as part of the Forex Triangle Triangle on the indicator of relative strength.
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