The currency pair Canadian dollar against the US dollar USD CAD continues to trade under the growth, but at the moment there are downside risks due to the attempts of rising oil prices. Therefore, we should expect an attempt to reduce the Canadian dollar quotations in the area below the level of 1.3240, where one can try to buy again and expect the breakdown of the local maximum in the area.
USD CAD Forecast Canadian Dollar on October 14, 2016
Cancellation option will drop in prices USD/CAD below the level of 1.32, which points to continued decline.
USD CAD Forecast Canadian Dollar on October 14, 2016 requires correction of the pair due to the potential increase in oil prices, however, in general, preserved the upward trend on the pair with a target of growth above the level of 1.3350.
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