The currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the upward trend and at the moment the pair quotes broke the upper limit of the downward channel, we should expect the pair to continue growing above 1.3550.
USD/CAD Forecast Canadian Dollar on April 21, 2017
In favor of growth of quotations of the pair the Canadian dollar will perform a tight test of the upward trend line on the indicator of relative strength. The abolition of the development of the bullish trend will be the fall and breakdown of the 1.34 area, which will indicate the continued decline in the Canadian dollar.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting, the Consumer Price Index, the Basic Consumer Price Index.
USD/CAD Forecast Canadian Dollar on April 21, 2017 involves an attempt to tightly test the broken down boundary of the downward channel and continue growth to the area above the level of 1.3550, the breakdown will be the breakdown of the 1.34 area.
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