The currency pair Canadian dollar to US dollar USD/CAD continues to develop correction and is currently trading near the area of 1.3393. The pair tests the lower limit of the Triangle model, it is worth waiting for a rebound attempt and continuing the growth to the upper boundary area.
USD/CAD Forecast Canadian Dollar on April 10, 2017
With the breakdown of the upper limit of the Triangle model and the closing of quotes above the 1.3450 area, one should expect the pair to accelerate in the area above the 1.35 level. In favor of growth, there will be a tight test of the support line on the indicator of relative strength.
Important news from Canada, which may have an impact on the USD/CAD rate, is not expected, so the pair will continue to move within the technical analysis of USD/CAD.
USD/CAD Forecast Canadian Dollar on April 10, 2017 suggests a rebound from the lower bound of the Triangle model and the continuation of growth in the area above 1.35, the dropping of the option will be the fall and breakdown of the 1.3350 area, which will indicate the continued decline of the pair.
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