The currency pair Canadian dollar to the US dollar USD/CAD continues to move within the lateral trend and at the moment we should expect a tight test of the lower limit of this range, where again the pair will show growth in the area of the upper boundary of the lateral movement.
USD/CAD Forecast Canadian Dollar on March 31, 2017
In the case of a breakdown of the lower limit, we expect the pair to continue falling below 1.32. Among the important news from Canada, which can have a strong impact on the Canadian dollar rate, it is worth highlighting, the GDP volume change.
USD/CAD Forecast Canadian Dollar on March 31, 2017 suggests a tight test of the support area near the level of 1.33, from which it is expected to attempt a rebound to the area above the level of 1.3420.
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