The the currency pair Canadian Dollar to US Dollar USD/CAD continues to develop growth and is currently trading near the 1.3556 area. The pair was able to break the upper limit of the Forex Triangle and expect the continuation of the growth of quotations in the area above the level of 1.38.
USD/CAD Forecast Canadian Dollar on April 26, 2017
However, we should not exclude the attempt of correction of the pair USD/CAD in the 1.35 area for the test of the broken border of the Forex Triangle model. Cancellation of the variant of growth will be the fall of the breakdown of the area of 1.34, which will indicate the return of quotations inside the Forex model.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, is worth highlighting, the change in retail sales.
USD/CAD Forecast Canadian Dollar on April 26, 2017 suggests an attempt to continue the pair’s growth to an area above 1.38 as part of the start of the Forex Triangle trial, with the breakdown of the 1.34 area becoming a cancellation.
