The currency pair Canadian dollar against the US dollar USD CAD continues to test the area of a local maximum and at the moment there are risks to see an attempt to couple the growth of quotations in the area above the level of 1.34. Cancellation option will drop in the Canadian dollar below the level 1.3220, which will point to the attempt of a downward correction.
USD CAD Forecast Canadian Dollar on October 25, 2016
Now we can expect an attempt to test the support line on the price chart and the graph indicator of relative strength then is expected to try to continue moving upwards to above the level of 1.3450.
USD CAD Forecast Canadian Dollar on October 25, 2016 suggests an attempt to continue the growth of the Canadian dollar quotations after a minor correction punched channel.
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