Currency pair Canadian dollar to US dollar USD CAD continues to move within the upward channel. At the moment, the potential remains for rebounding from the lower boundary and continuing the development of the upward trend in the region above the level of 1.3550.
USD/CAD Forecast Canadian Dollar on March 20, 2017
In favor of the variant of growth from current levels, there is a rebound from the support area on the relative strength indicator, however, to continue growth, it is important to see the breakdown of the resistance line, which will indicate the acceleration of the upward trend in the USD/CAD pair.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, is worth highlighting, the change in the volume of wholesale trade.
USD/CAD Forecast Canadian Dollar on March 20, 2017 involves an attempt to test the bottom of the uplink and continue growing as part of the upgrading of the upward forex model 1:1 with the potential growth target above 1.3550 area, the cancellation will be a breakdown of the lower boundary of the rising channel.
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