Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of strong growth. At this point, we should expect an attempt to test the lower border of the channel near the area of 1.2720. Where can we expect a rebound and growth of quotations USD/CAD.
USD/CAD prediction & technical analysis on October 31, 2017
In favor of lowering the quotes of the Canadian Dollar is the formation of the reversal model of the «Head and Shoulders». The cancellation of the USD/CAD fall on the Forex market will be strong growth and breakdown of the area of 1.29, which will indicate the continued growth of the pair.
Important news from Canada, which may affect the rate of the pair USD/CAD, is not expected, so the pair will continue to move in the technical analysis.
USD/CAD prediction & technical analysis on October 31, 2017 suggests an attempt to test the lower border of the channel near the level of 1.2720 and continue the growth of the pair above the level of 1.3050.