The currency pair Canadian Dollar USD/CAD is trading at 1.3439. The pair is trading above the moving average with a period of 55, which implies an upward trend in the pair. At this point, we should expect a tight test of the area boundary engineering of the Bollinger Bands indicator bars near the area of 1.3430.
Bollinger Bands USD/CAD forecast on March 14, 2017
Where we can expect an attempt to rebound the pair and continue the development of the upward trend with a potential growth target above 1.3540 area. Canceling the variant of development of the upward trend in the pair will be the fall and breakdown of the area of 1.3380, which will indicate a potential trend change in favor of the downward in the pair USD/CAD.
