The currency pair is the Canadian dollar to the US dollar USD CAD continues to move within the upward channel and at the moment there is a potential for continuing the pair’s growth into the area above 1.35 level. In favor of growth is the probable breakdown of the Forex Diamond model up, which indicates the continued growth of the pair.
USD/CAD Forecast Canadian Dollar on March 29, 2017
Canceling the option of continuing the development of the upward trend in the pair will be the fall and breakdown of the lower boundary of the channel, which points to a potential test area 1.32. Important news from Canada, which may have an impact on the USD/CAD, is not expected, so the pair will continue to move within the technical analysis of USD/CAD.
USD/CAD Forecast Canadian Dollar on March 29, 2017 suggests an attempt to continue the development of the upward 1:1 model with a potential growth target near the 1.35 area, in the event of a breakdown of the lower boundary of the channel, it is expected to fall below 1.32.
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