The currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the framework of a downward correction. At the moment, you should expect a rebound in the area above the level of 1.3365. In favor of the growth of quotations of the pair USD/CAD will perform a tight test of the upward support line on the indicator of relative strength. Expect to accelerate the growth of quotations is with the breakdown of the area of 1.3340. The cancellation of the pair growth option will result in a fall and breakdown of the 1.3220 area.
USD/CAD Forecast Canadian Dollar on April 18, 2017
Among the important news from Canada, which can have a strong impact on the Canadian dollar rate, it is worth highlighting, the volume of operations with foreign securities, the speech of the deputy head of the Bank of Canada with a speech.
USD/CAD Forecast Canadian Dollar on April 18, 2017 suggests an attempt to continue growth in the area above the level of 1.3365 as part of a tight test of the support area on the indicator of relative strength, the breakdown of the region 1.3320 will be a cancellation.
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