The currency pair Canadian Dollar to US Dollar USD/CAD finished the trading week at 1.3324. At the moment, the pair continues to trade within the upward channel and the potential for continuing the growth of quotations to the area above the level of 1.3550 remains.
USD/CAD Forecast Canadian Dollar on April 17 — 21, 2017
In favor of the growth of the pair USD/CAD is a tight test of the upward trend line on the indicator of relative strength, as well as the test of the lower boundary of the rising channel. The cancellation of the USD/CAD pair growth option will be the breakdown of the 1.3150 area, which will indicate the pair’s quotes exit beyond the lower border of the rising channel. Expect to accelerate the growth of the Canadian Dollar is with the breakdown of the area of 1.3450.
Among the important news from Canada in the next trading week, which may affect the USD CAD currency pair price, the Consumer Price Index on April 21 is expected to grow from 0.2% to 0.4%, the Basic Consumer Price Index.
USD/CAD Forecast Canadian Dollar on April 17 — 21, 2017 suggests an attempt to continue growth in the area above the level of 1.3550 within the rebound from the support line on the indicator of relative strength, the abolition of the option of continuing the growth of the pair will be the breakdown of the region 1.3150.
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