The currency pair USD/CAD US Dollar to Canadian Dollar continues to move within the framework of a strong upward trend and at the moment there is a potential for continued growth of the pair’s quotes. It is worth to expect a fall in the pair’s quotes to the lower boundary of the rising channel, from which it is expected to rebound and continue to rise above 1.3850. In favor of the growth of quotations of the Canadian Dollar will perform a test of the support line on the indicator of relative strength.
USD/CAD Forecast Canadian Dollar on May 5, 2017
Among the important news from Canada, which can have a strong impact on the Canadian dollar rate, it is worth highlighting the Unemployment Rate, Change in the Number of Employees, Part-time Employment, Ivey’s PMI Index.
USD/CAD Forecast Canadian Dollar on May 5, 2017 suggests an attempt to test the lower border of the rising channel, from which it is expected to continue the pair’s growth to the area above the level of 1.3850, the drop will be a breakdown and the breakdown of the 1.36 area.
