The currency pair Canadian dollar against the US dollar USD CAD continues to move upward within the forex model 1: 1 with a view to a potential pair of quotes growth at above 1.34 area. In favor of the growth option appears tight test rising trendline an indicator of relative strength, as well as test support area on the chart.
USD CAD Forecast Canadian Dollar on January 25, 2017
Cancellation option of the Canadian dollar rise in share price will drop in prices USD/CAD below the level of 1.32, which indicates an drop below 1.31.
Important news from Canada is not expected, so the pair will continue to move in the USD/CAD technical analysis.
USD CAD Forecast Canadian Dollar on January 25, 2017 assumes growth of the pair attempt to above 1.34 level within the mining bovine FX 1:1 model, the cancellation option will break below the rising channel.
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