The currency pair Canadian Dollar to US Dollar USD CAD finished the trading week of growth and attempt to go beyond the uplink up. This growth and the breakdown of the channel up trigger acceleration of the upward trend and the increase in the Canadian dollar quotations above the level of 1.39. Cancellation option will drop below the strong level of 1.29, which again points to test the lower boundary of the channel.
USD CAD Forex Forecast October 24, 2016 — October 28, 2016
An additional signal for the continuation of the upward trend on the pair will break through the resistance line on the indicator of relative strength, it also points to the continuation of the upward trend for the pair.
USD CAD Forex Forecast October 24, 2016 — October 28, 2016 suggests an attempt to rise above the level of 1.3360, which indicates the formation of a strong signal in the purchase and continued growth of the Canadian dollar on the currency market.
