The currency pair Canadian dollar to the US dollar USD CAD continues to move within the framework of the upward Forex 1:1 model with the aim of working near the 1.35 area. In favor of the growth of quotations of the pair is the breakdown of the upper boundary of the descending channel, as well as the potential test of the trend line on the indicator of relative strength.
USD/CAD Canadian Dollar Forecast on March 24, 2017
The cancellation of the growth of the USD/CAD pair quotes will result in a fall and breakdown of the 1.33 area, which indicates that the region below the level of 1.3220 will continue to decline. Expect to accelerate the growth of the pair is with the breakdown of the local maximum area. Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting, the Consumer Price Index, the Basic Consumer Price Index.
USD/CAD Canadian Dollar Forecast on March 24, 2017 suggests an attempt to increase to the 1.35 area as part of the continuation of the upgrade of the upward Forex 1:1 model, the breakdown of the 1.3300 area will be a cancellation.
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