The currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the lateral trend and at the moment quotes were able to test the support area. It is worth to expect an attempt to rebound and continue the growth of quotations of the pair in the area above the level of 1.34.
USD/CAD Forecast Canadian Dollar on April 13, 2017
In favor of the growth of the pair USD/CAD is the test of the ascending trend line on the indicator of relative strength. Canceling the option will be a breakdown of the area 1.32.
Among the important news from Canada, which can have a strong impact on the Canadian dollar rate, it is worth highlighting, the change in the volume of production supplies, the price index for housing in the primary market, the speech of the head of the Bank of Canada with a speech.
USD/CAD Forecast Canadian Dollar on April 13, 2017 suggests an attempt to continue growth in the area above the level of 1.34 within the framework of the beginning of the development of the inverted forex model of the Head and shoulders, the cancellation will be a breakdown of the local minimum area by pair.
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