Currency pair Canadian dollar to US dollar USD CAD continues to move within a strong upward trend. At the moment, the quotes of the pair break through the upper limit of the Forex model, which indicates a potential acceleration of the pair’s quotations growth with a target above 1.3550 area.
USD/CAD Forecast Canadian Dollar on March 9, 2017
In favor of the growth variant of the pair USD/CAD is a rebound from the support line on the indicator of relative strength, which also indicates the development of the upward movement. The cancellation of the variant of rapid growth may be the fall and breakdown of the area of 1.3350, which will indicate the continuation of the development of correction for the pair.
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 9, 2017 suggests an attempt to continue growth as part of the start-up of the bull trading forex model with a view to growth above 1.3550 area.
