Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in line with expectations. At the moment, the potential for correction to the upper channel boundary at the level of 1.3130 remains. In favor of growth is the formation of the reversal model of the «Head and Shoulders».
USD/CAD forecast Canadian Dollar on July 7, 2017
The cancellation of the growth of USD/CAD quotations will be the fall and breakdown of the local minimum area, which will indicate the continuation of the pair’s decline. Near the upper border of the channel, we again expect the pair to fall.
Among the important news from Canada, which can have a strong impact on the Canadian Dollar, there are: Unemployment rate, Change in the number of employed.
USD/CAD forecast Canadian Dollar on July 7, 2017 suggests a correction attempt and the upper-bound region of the channel at 1.3130, where we can expect the pair to continue to decline.
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