The currency pair is the Canadian dollar to the US dollar USD CAD continues to move within the upward channel and at the moment the potential for rebound and continuation of the pair’s growth to the area above the 1.35 level remains.
USD/CAD Forecast Canadian Dollar on March 22, 2017
In favor of the growth of quotations of the Canadian dollar pair is the formation of the reversal forex model of the Head and shoulders, which indicates the continued growth from the current levels. By canceling the option, the breakdown of the area is 1.33, which indicates that the fall to the area below the level of 1.3180 will continue.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting the Annual Budget.
USD/CAD Forecast Canadian Dollar on March 22, 2017 suggests an attempt to increase to the area above the level of 1.35 as part of the development of the reversal Forex model on the indicator of relative strength, the breakdown of the breakdown of the region 1.33.
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