The currency pair Canadian dollar against the US dollar USD CAD continues to move in the rebound from the support area, and is currently preserved potential for continued growth with a potential target above the level of 1.34. In favor of a bounce speaks tight test support area on the indicator of relative strength.
USD CAD Forecast Canadian Dollar on January 27, 2017
The immediate goal of growth of quotations of the Canadian dollar is the area of resistance at 1.3180. Once again, we try to buy the pair USD/CAD and are ready to increase the amount of long positions in the pair.
Cancellation option will drop the growth area of 1.3050 and a break that will indicate a continuation of the fall to below 1.2950. 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 27, 2017 suggests an attempt on the rebound from the support area potential target growth above the level of 1.34; the cancellation will be the breakdown of the area of a local minimum.
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