Currency pair Canadian dollar to US dollar USD CAD continues to move within the upward channel. At the moment, we should expect a tight test of the lower border of the channel and the continuation of growth in the area above the level of 1.36. In favor of continuing the development of the upward trend is a tight test of the upward trend line on the indicator of relative strength.
USD/CAD Forecast Canadian Dollar on March 14, 2017
We continue to hold the pair’s purchases and are ready to increase the volume of long positions as the upward trend develops. The cancellation of the growth option will be the fall and breakdown of the lower border of the channel with the closure below the area of 1.3350, indicating that the decline will continue.
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 14, 2017 suggests an attempt to continue the growth of quotations in the area above the level of 1.36 within the rebound from the support area, the cancellation will be the breakdown of the area of 1.3350.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
