The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the upward trend and is currently testing the 1.3575 area. It is worth to expect an attempt to continue the growth of quotations of the pair in the area above the level of 1.3650.
USD/CAD Forecast Forex, News & Analysis on April 27, 2017
In favor of the growth of quotes is the test of the ascending trend line on the indicator of relative strength. The cancellation of the USD/CAD growth option will be the fall and breakdown of the 1.35 area, which will indicate the continuation of the pair correction development.
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 April 27, 2017 assumes an attempt to continue growth within the rebound from the support area with a potential target near the 1.3650 area, the elimination of the option will be the fall and breakdown of the 1.35 area.
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