The currency pair is the Canadian dollar to the US dollar USD CAD continues to move within the ascending channel, at the moment the pair’s quotes are pushing from below the channel’s border, it is worth waiting for the attempt to continue growth to the area above 1.35 level.
USD/CAD Forecast Canadian Dollar on March 21, 2017
In favor of the USD/CAD pair growth option, the downward trend line breaks down on the relative strength indicator. The cancellation of the growth option of the pair will be the breakdown of the 1.33 area, which will indicate the continuation of the decline in the support area at 1.3220.
Among the important news from Canada, which can have a strong impact on the Canadian dollar rate, it is worth highlighting, The change in retail sales, Deputy Governor of the Bank of Canada with a speech.
USD/CAD Forecast Canadian Dollar on March 21, 2017 suggests an attempt to increase to the area above 1.35 within the framework of upgrading the upward Forex model 1:1, cancellation will break the lower boundary of the channel, which indicates the continuation of the fall to the area below the level of 1.3220.
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