The currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the flat trend. At the moment, there is a potential for a pair of quotes rebound into the area below the level of 1.3600. With the breakdown of the downward trend line on the indicator of relative strength, we expect the pair USD/CAD to continue growing above the local maximum level. The abolition of the growth option will be the fall and breakdown of the 1.3550 area.
USD/CAD forecast Canadian Dollar on May 17, 2017
Among the important news from Canada, which can have a strong impact on the Canadian Dollar to US Dollar USD/CAD, it is worth highlighting, the change in the volume of production supplies.
USD/CAD forecast Canadian Dollar on May 17, 2017 suggests an attempt to test the region of the minimum and the beginning of growth with the breakdown of the downward trend line on the indicator of relative strength, the breakdown of the growth variant will be the breakdown of the 1.3550 area, which will indicate the continuation of the decline.
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