The currency pair USD/CAD US Dollar to Canadian Dollar continues to move within the lateral trend and at the moment it is necessary to expect a tight test of the support area and the continued growth of the pair’s quotations to the area above the level of 1.3750.
USD/CAD Forecast Canadian Dollar on May 15, 2017
In favor of growth will perform a test of the lower boundary of the Forex Triangle model on the indicator of relative strength. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the upper limit of the model Triangle. The cancellation of the Canadian Dollar growth option for the US Dollar will be the fall and breakdown of the 1.3580 area.
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 May 15, 2017 suggests an attempt to test the area of support and continue growth in the area above the level of 1.3750, in favor of the pair’s growth, the breakdown of the upper boundary of the Triangle model will come out.
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