The currency pair Canadian dollar to US dollar USD/CAD has finished the trading week at the level of 1.3404. The pair continues to move within the upward trend and at the moment there is still a potential for continuing growth in the area above the level of 1.3550.
USD/CAD Forecast Canadian Dollar on April 10 — 14, 2017
In favor of the continuation of the bullish trend is the test of the trend line on the indicator of relative strength. Cancellation of the variant of growth of quotations of the pair the Canadian dollar will be the breakdown of the region of 1.3140, which will indicate the continuation of the USD/CAD pair price decrease.
Among the important news from Canada in the next trading week that may affect the USD/CAD currency pair rate is the publication of the Bank of Canada Monetary Policy Report, the decision of the Bank of Canada on the basic interest rate, it is expected that the rate will remain at the level of 0.5% , The accompanying statement of the Bank of Canada, as well as the Press Conference of the Bank of Canada.
USD/CAD Forecast Canadian Dollar on April 10 — 14, 2017 involves an attempt to continue growth within the rebound values of the indicator of relative strength from the support line, the growth target is the area above the level of 1.3550.
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