The currency pair Canadian dollar to US dollar USD/CAD continues to move within the upward trend and at the moment quotes are testing the lower boundary of the rising channel. It is expected to rebound and continued growth of the Canadian Dollar in the area above the level of 1.3550.
USD/CAD Forecast Canadian Dollar on April 25, 2017
In favor of growth is the test of the support area on the price chart. The cancellation of the USD/CAD pair growth option will be the fall and breakdown of the 1.34 area, which indicates that the pair’s quotations continue to decline.
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 25, 2017 suggests a rebound from the lower border of the rising channel and the continuation of the growth of the pair’s quotations to the area above the level of 1.3550 within the framework of the 1:1 bovine model.
