The currency pair Canadian dollar against the US dollar USD CAD continues to trade outside of the ascending channel, which indicates the likely increase in the Canadian dollar quotations above the level of 1.3450 and the continuation of an upward trend.
USD CAD Forecast Canadian Dollar on October 31, 2016
Cancellation option will drop in prices pair USD/CAD below 1.3280. In this case, we should expect the Canadian dollar quotations fall below the level of 1.31.
USD CAD Forecast Canadian Dollar on October 31, 2016 suggests an attempt to continue its growth in the framework of the beginning of the mining width of the channel with a potential target price growth above the USD CAD 1.3450.
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