The currency pair Canadian Dollar to US Dollar USD CAD finished the trading week higher at 1.3393. At the moment, the pair quotes struck uplink upper border, indicating that the attempt to continuation of growth of pair of quotes in the area above the level of 1.37.
USD CAD forex forecast on October 31, 2016 — November 4, 2016
Cancellation option will drop in the Canadian dollar quotations below the level of 1.31, which indicates the return of a pair of USD CAD into the channel, and drop to the lower limit. We continue to try aggressive buying a pair with a close table and are ready to increase the amount of long positions on the development of growth.
USD CAD forex forecast on October 31, 2016 — November 4, 2016 suggests an attempt to continue the development of an upward movement with a potential target stock is above the level of 1.37 within the mining width of the channel.