The currency pair Canadian dollar against the US dollar USD CAD continues to move within the framework of strong growth and is now preserved potential for continued growth in the region above the level of 1.36. In favor of a continuation of growth of pair of quotes will make a tight test of the broken trend line on the indicator of relative strength.
USD CAD Forecast Canadian Dollar on March 6, 2017
Cancellation option will be a breakdown of 1.3350 area, which point to a continuation of the correction for the pair. We continue to keep buying USD/CAD and are willing to try new deal after a minor correction.
Important news from Canada that may have an impact on the rate of USD/CAD, is not expected, so the pair will continue to move in the USD/CAD technical analysis.
USD CAD Forecast Canadian Dollar on March 6, 2017 suggests an attempt to continue growing in the area above the level of 1.36 in the rebound from breaking through the support level.
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