The currency pair Canadian dollar against the US dollar USD CAD continues to build on the areas of support in the form of broken rising channel boundaries. At the moment, we are increasing the amount of long positions on the pair with a close stop. The purpose of growth is the area at the level of 1.3450.
Forecast FOREX and technical analysis USD CAD on November 7, 2016
However, it is also necessary to consider the publication of NON-FARM PAYROLLS, which can cause decrease in quotations of the pair and return inside the rising channel.
Forecast FOREX and technical analysis USD CAD on November 7, 2016 suggests an attempt to continue the growth of pair within the mining punched channel width for the purpose above 1.3450.