The currency pair is the Canadian Dollar to the US dollar USD/CAD continues to move within the upward trend and at the moment there is still potential for continuing growth. In favor of the pair’s quotes rebound, a dense test of the ascending trend line will appear on the indicator of relative strength.
USD/CAD Forecast Canadian Dollar on April 11, 2017
The growth target is the area at the level above 1.3470. The cancellation of the USD/CAD growth option will be the fall and breakdown of the 1.3320 area, which will indicate the continuation of the decline to the area below the level of 1.3250.
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 11, 2017 suggests an attempt to continue growth after a minor test of the 1.3365 area and continuing growth above the level of 1.3470.
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