The currency pair Canadian Dollar USD/CAD is trading at 1.3099. At the moment, the pair quotes tight test area of the lower boundary of Bollinger Bands indicator strips, which implies a rebound and continue to grow with the first target at the top of the bars near the area of 1.3190.
Bollinger Bands forecast USD/CAD on February 27, 2017
Cancellation option will increase pair drop and breakdown of 1.3030 area, that will indicate the Bollinger Bands indicator strips the lower boundary of the sample and the continued decline. In the case of strong growth and closing quotation USD/CAD above the level of 1.3220 the pair is expected to accelerate growth with a view above the level of 1.33.
