The currency pair Canadian dollar against the US dollar USD CAD continues to trade within the ascending channel, but at the moment there are risks to see the breakdown of the channel up, which will trigger the acceleration of the growth of quotations of the currency pair USD CAD. The target of the growth in this case is the area on a level above 1.39, from which can be expected at the beginning of a downward correction pair.
USD CAD Canadian Dollar Forecast November 2016
Cancellation option of the Canadian dollar growth of quotations to a local maximum in November 2016 will fall in the pair below the level of 1.27, which points to a continuation of the fall to below 1.17.
USD CAD Canadian Dollar Forecast November 2016 suggests an attempt to break up the uplink and the strong growth of the Canadian dollar quotations in the area above the level of 1.39.
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