The currency pair is the Canadian dollar to US dollar USD/CAD continues to move within the limits of growth and at the moment the pair quotes were able to break the upper boundary of the downward channel, which indicates the continuation of growth in the area above the level of 1.3370.
USD/CAD Forecast Canadian Dollar on April 17, 2017
In favor of a rebound in the USD/CAD pair, a dense test of the broken trend line will appear on the indicator of relative strength. The cancellation of the variant of growth of quotations of the pair will be the fall and breakdown of the area of 1.3220, which will indicate the continued decline in the Canadian Dollar.
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 17, 2017 assumes an attempt to test the broken channel border and continue growth to the area above the level of 1.3370.
