The currency pair Canadian dollar against the US dollar USD CAD completes the trading week down near the lower boundary of the rising channel near the support area. At the moment, it saved the potential for a rebound in the Canadian dollar quotations resistance area at 1.36.
USD CAD forex forecast on January 16, 2017 — January 20, 2017
Cancellation option price growth USD CAD will perform the sample area of the lower boundary of the channel and the closing quotations of the pair below the 1.2960 level, which points to a continuation of the decline from the potential target at levels below 1.24 area.
In favor of a Canadian rebound dense stands quotations test support area on the indicator of relative strength. Among the important news from Canada on the next trading week, which may influence the course of the currency pair USD CAD stands out, the Bank of Canada decision on the basic interest rate of 18 January 2017, it is expected that the rate will remain at 0.5%, the consumer price index, the main the consumer price index from the Bank of Canada, January 20 2017.
USD CAD forex forecast on January 16, 2017 — January 20, 2017 suggests an attempt to rebound from the rising channel’s lower border with the potential target at the level of 1.36, the cancellation option will sample areas of support that will indicate for the continuation of decline in the area below the level of 1.24.
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