The currency pair Canadian dollar against the US dollar USD CAD continues to move in the development of correction due to the rebound of the descending trend line on the indicator of relative strength. The purpose of the fall is the area at the level of 1.3070, where the values of the relative strength indicator was supported by a trend line test.
USD CAD Forecast Canadian Dollar on February 24, 2017
Expect a continuation of an upward trend will breakdown the resistance area with the closing quotation of the pair above the level 1.3240, which will point to continued growth in the region above the level of 1.3360.
Among the important news from Canada that may have a strong influence on the Canadian dollar, we should mention, the consumer price index, base consumer price index.
USD CAD Forecast Canadian Dollar on February 24, 2017 assumes the test 1.3080 area try, where we can expect the beginning of growth at the expense of the dense test the support line on the indicator of relative strength.
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