The currency pair Canadian dollar against the US dollar USD CAD continues to move in the growth. quotes couples were able to push off from the support and at the moment the pair is testing the resistance area. The breakdown of the field point to a continuation of growth in the area above the level of 1.33.
USD CAD Forecast on March 1, 2017
In favor of accelerating the growth of quotations of the pair USD/CAD will perform sample downward trend line on the indicator of relative strength. We try to buy the pair and are ready to increase the amount of long positions as of the growth of the Canadian dollar quotations. Cancellation option will drop the growth area of 1.30 and a break that will point to continued decline.
Among the important news from Canada that may have a strong influence on the Canadian dollar, we should mention, the Bank of Canada decision on the basic interest rate, it is expected that the rate will remain at 0.5%, as well as the accompanying statement of the Bank of Canada.
USD CAD Forecast on March 1, 2017 suggests an attempt to break the resistance area and continued growth in the resistance area at 1.33.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
