The currency pair Canadian dollar against the US dollar USD CAD continues to trade outside of the ascending channel. Presently stored risks of growth within the mining punched bandwidth. The purpose of growth is the area above the 1.3450 level. Cancellation option will drop in prices of the Canadian dollar below the level 1.3280, which will indicate the return into the channel and the continued decline in the area below the level of 1.3130.
USD CAD forex forecast Canadian Dollar on October 28, 2016
But do not rule out a broken channel line test attempt and only after that to continue USD/CAD quotes growth.
USD CAD forex forecast Canadian Dollar on October 28, 2016 suggests an attempt to continue its growth within the mining punched forex bandwidth with growth potential in the area above the level of 1.3450.
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