The currency pair Canadian dollar against the US dollar USD CAD continues to move in the upward movement of the potential upside target level above 1.35 area.
At the moment, we should not exclude an attempt to reduce the quotations in the region of the rising channel’s lower border, where we can expect an attempt with the immediate goal of growth at the level of 1.34.
USD CAD Forecast Canadian Dollar on January 24, 2017
In favor of a growth in USD/CAD quotes will make a tight test of the rising trend line on the indicator of relative strength. In the case of breakdown of support area at 1.32, is expected to try to continue to fall below the level of 1.3120.
Important news from Canada tomorrow is not expected, so the pair will continue to move in the USD/CAD technical analysis.
USD CAD Forecast Canadian Dollar on January 24, 2017 suggests an attempt to continue its growth after a slight correction of quotations in the region at the level of the ascending channel’s lower border.
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