The currency pair Canadian dollar to US dollar USD CAD finished the trading week at 1.3379. The pair continues to move within the upward channel and at the moment there is still potential for the pair to continue growing. The immediate goal of the development of the upward trend is the area at the level of 1.36, the breakdown of which will indicate the continuation of growth in the area above the level of 1.37.
USD/CAD Forecast on March 27, 2017 — March 31, 2017
In favor of the beginning of growth of quotations of the pair USD/CAD in the next trading week is the test of the upward trend line on the indicator of relative strength, and the test of the support area on the price chart is dense. The cancellation of the growth option will be a breakdown of the upward trend line, which will indicate a fall in the pair’s quotes to the area of the lower border of the rising channel.
Among the important news from Canada in the next trading week that can influence the USD CAD currency pair rate is worth highlighting, Speech by Governor of the Bank of Canada Stephen Poles with a speech on March 28, 2017, the commodity price index on March 30, 2017, GDP volume change on March 31, 2017 .
USD/CAD Forecast on March 27, 2017 — March 31, 2017 suggests an attempt of pair growth in the area above level 1.36 within the rebound from the uplink of support on the indicator of relative strength, the abolition of the option will be the breakdown of the area of 1.32, which will indicate a fall into the region The bottom of the uplink.
