The currency pair is the Canadian dollar to the US dollar USD CAD continues to move within the upward trend, but at the moment the forex model is being formed Diamond, to consider the opening of positions is only with the release of quotes outside the limits of this model.
USD/CAD Forecast Canadian Dollar on March 28, 2017
As the main option, one should expect the break-through of the 1.3365 area and the continuation of the growth of the Canadian dollar quotations to the area above the level of 1.3550. Canceling the option will result in quotes coming out of the lower limit of the model, in that case it is expected to fall into the area below the level of 1.3200.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting, Speech by the head of the Bank of Canada with a speech.
USD/CAD Forecast Canadian Dollar on March 28, 2017 suggests an attempt to break the upper limit of the FOREX Diamond model and continue growth in the area above the level of 1.3550, the cancellation will be the breakdown of the area of 1.3310.
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