The currency pair is the Canadian Dollar to US dollar USD/CAD continues to move within the upward trend and is currently trading near the area of 1.3462. At this point, we should expect a tight test of the lower border of the uplink and continue growth in the area above the level of 1.3550.
USD/CAD Forecast Canadian Dollar on April 24, 2017
In favor of the growth of quotations of the pair USD/CAD will perform a test of the support line on the indicator of relative strength. The cancellation of the growth variant of the Canadian dollar pair will be a fall and breakdown of the area of 1.3390, indicating that the pair will continue to decline.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, is worth highlighting, the change in the volume of wholesale trade.
USD/CAD Forecast Canadian Dollar on April 24, 2017 suggests an attempt to continue growth to an area above 1.3550 as part of the start of the 1:1 ascending model, the dropping of the growth option will be the fall and breakdown of the region of the lower boundary of the rising channel.
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