The currency pair Canadian dollar against the US dollar USD CAD continues to trade above the upper boundary of the rising channel, which indicates the continuation of USD/CAD quotes growth in the region at a level above 1.3450. Also continuing formation forex model Diamond, a breakdown of which, we should expect an attempt to continue the growth of the Canadian prices.
USD CAD forex forecast for the Canadian Dollar on October 27, 2016
Cancellation option can be a drop in USD/CAD below the level 1.3290, which will point to a drop in prices to below the level of 1.3150. We continue to keep buying the pair with the tight stop.
USD CAD forex forecast for the Canadian Dollar on October 27, 2016 suggests an attempt to continue the growth of quotations in the framework of start mining Forex Diamond model with a potential target of growth above the level of 1.3450.
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