The currency pair Canadian dollar to US dollar USD/CAD continues to move in line with expectations and our previous forecast of USD/CAD. At the moment, the values of the relative strength indicator were able to break the downward trend line, which indicates the continued growth of the pair’s quotations in the area above the level of 1.3550.
USD/CAD Forecast Canadian Dollar on April 20, 2017
Expect to accelerate the growth of quotations of the Canadian dollar is with the breakdown of the upper boundary of the descending channel, which will indicate the continuation of the development of growth on a pair with a potential target above 1.36.
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 20, 2017 suggests a growth attempt above 1.35 within the rebound from the broken trend line on the relative strength indicator, the fall will be the growth of the tent fall pair and the breakdown of the 1.3320 area.
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