Currency pair Canadian dollar to US dollar USD CAD continues to move within the upward trend, quotations are repelled from the support area in the form of an upward trend line on the indicator of relative strength. In favor of continuing the growth of quotations is also the formation of an upward forex model 1:1, which indicates a potential increase in the area above the level of 1.3550.
USD/CAD Forecast Canadian Dollar on March 15, 2017
Canceling the development of the upward trend in the pair will be the fall and breakdown of the lower boundary of the rising channel with a closing below the area of 1.3350. We continue to hold USD/CAD purchases and try to increase the volume of long positions with a close stop-loss.
Important news from Canada, which may have an impact on the USD/CAD, is not expected, so the pair will continue to move within the technical analysis of USD/CAD.
USD/CAD Forecast Canadian Dollar on March 15, 2017 suggests an attempt to grow as part of the upgrading of the upward forex model 1:1 with a potential growth target above the level of 1.3550.
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