Currency pair Canadian Dollar to US Dollar USD/CAD continues to move within expectations and is currently testing the area of the lower border of the rising channel. It is necessary to expect a spike and an attempt to increase USD/CAD quotes above the 1.35 area.
USD/CAD forecast Canadian Dollar on May 26, 2017
In favor of continuing the growth of quotations of the pair, a breakdown of the trend line on the indicator of relative strength will occur. The cancellation of the Canadian Dollar growth option against the US Dollar is the breakdown of the 1.3380 area, which indicates that the quotes will continue to decline.
Important news from Canada, which may have an impact on the USD/CAD rate, is not expected, so the pair will continue to move in the technical analysis USD/CAD.
USD/CAD forecast Canadian Dollar on May 26, 2017 suggests an attempt to rebound from the lower border of the rising channel for the purpose of growth above the level of 1.35, to expect an acceleration of the pair’s growth is with the breakdown of the upper boundary of the descending channel.
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