Currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the bullish trend. At the moment, the quotes of the pair USD/CAD were able to break through the lower boundary of the channel, it may indicate that the fall continues to fall below 1.3450.
USD/CAD forecast Canadian Dollar on May 22, 2017
However, while the pair is trading above 1.3500, one should expect a growth attempt above 1.37. With the breakdown of the upper level of the forex pattern “Wedge” is expected to accelerate the growth of quotations of the pair.
Important news from Canada is not expected, so the pair Canadian Dollar to US Dollar will continue to move within the technical analysis USD/CAD.
USD/CAD forecast Canadian Dollar on May 22, 2017 suggests a rebound from the support area and the continuation of the growth with the first target near the level 1.37, the cancellation will be a breakdown at 1.3500, indicating that the decline will continue to fall below 1.3450.
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