The currency pair is US dollar to Canadian dollar USD CAD continues to move within the upward channel and at the moment there is still the potential for the pair to continue to grow above 1.35. In favor of the growth of quotations of the Canadian dollar from current levels is the test of the rising support line on the indicator of relative strength.
USD/CAD Forecast Canadian Dollar on March 27, 2017
The cancellation of the continuation of the growth in the USD/CAD pair will be the fall and breakdown of the 1.33 area by closing prices, which will indicate that the pair’s quotes continue to fall below 1.32.
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 27, 2017 suggests a rebound from the 1.3320 area and the continuation of growth as part of the upgrade of the upward Forex 1:1 model with a potential growth target above 1.35 area.
