The currency pair is the Canadian dollar to the US dollar USD CAD continues to move within the development of the upward trend, but the pair has gone into correction and at the moment there is the potential for a tight test of the lower boundary of the rising channel. In the vicinity of 1.34, we expect a rebound and continued growth of the pair’s quotes with a potential target above 1.36.
USD/CAD Forecast Canadian Dollar on March 13, 2017
In favor of the variant, continued growth is a tight test of the upward trend line on the indicator of relative strength. The cancellation of the USD/CAD pair growth scenario will be the fall and breakdown of the 1.3350 area, indicating that the pair will continue to fall below 1.3250.
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 March 13, 2017 involves an attempt to test the lower boundary of the upward channel and continue growth in the area above the level of 1.36, cancellation will breakdown the lower boundary of the channel.
