The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the upward trend and at the moment quotations are testing the area of the lower border of the rising channel. It is worth expecting a rebound and continued growth in the area above the level of 1.3650.
USD/CAD Forecast Canadian Dollar on April 28, 2017
In favor of continuing the development of growth is the test of the support line on the indicator of relative strength. The cancellation will be the fall and breakdown of the area of 1.3470, which will indicate that the pair’s quotes continue to fall below 1.3390.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting, the GDP volume change, the price index for raw materials.
USD/CAD Forecast Canadian Dollar on April 28, 2017 suggests an attempt to continue growth in the area above the level of 1.3650 within the rebound from the lower border of the rising channel, the breakdown will be the breakdown of the area of 1.3470.
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