The currency pair Canadian dollar to US dollar USD/CAD continues to trade within the lateral trend and at the moment there is still potential for rebound and continuing growth in the area above the level of 1.3420. Breakdown of this area will indicate the continued growth of quotations of the Canadian dollar in the area above the local maximum level. Cancellation of the variant of development of the upward trend in the pair will be the fall and breakdown of the support level with the USD/CAD quotes closing below the level of 1.3280, which will indicate the acceleration of the decline to the area below the level of 1.30.
USD/CAD Forecast Canadian Dollar on April 4, 2017
Among the important news from Canada, which can have a strong impact on the Canadian dollar rate, it is worth highlighting, the balance of the foreign trade balance, is expected to slightly change from 0.8B to 0.7B. USD/CAD Forecast Canadian Dollar on April 4, 2017 involves an attempt of rebound and growth of the pair’s quotations to the area above the level of 1.3420, which will indicate the continuation of the upward trend in the pair.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
