Currency pair Canadian dollar to US dollar USD CAD continues to move within the upward trend. At the moment, the pair is forming the Forex model, the breakdown of which will indicate the continued growth in the area above the level of 1.35. In favor of the option of continuing the growth of quotations is a tight test of the support line on the indicator of relative strength.
USD/CAD Forecast Canadian Dollar on March 8, 2017
The cancellation of the growth variant of the breakdown of the region of 1.3360, which will indicate the continuation of the decrease in the area of the lower boundary of the ascending channel. We continue to aggressively increase the purchase of a pair with a close stop-loss.
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 8, 2017 suggests an attempt to increase to the area above the level of 1.35 as part of the development of the forex model.
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