The currency pair US dollar to Canadian dollar USD/CAD continues to develop correction and at the moment quotes are traded at 1.3398. The pair is testing the support area and there is a potential for rebounding and continuing growth into the area above the 1.35 level.
USD/CAD Forecast Canadian Dollar on April 6, 2017
In favor of the rebound of the pair USD/CAD will perform a tight test of the support line on the indicator of relative strength. The cancellation of the USD/CAD pair growth scenario will be the fall and breakdown of the 1.33 area, which will indicate the continued decline in the Canadian dollar against the US dollar.
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 6, 2017 suggests an attempt to slightly reduce the area at 1.3375, where we expect the rebound and the pair’s growth to the area above the level of 1.35, the breakdown will be the breakdown of the 1.33 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
