The forecast from the company ForexMart (ForeksMart)
Forecast USD / CAD April 26
The Canadian dollar continues to fall as a result of the decision to enter the Trump anti-dumping duty on imports of softwood from Canada at a rate of 20%. Quotes pair could rise to the level of 1.3617, but quickly went back below 1.36. Now the "bulls" will hold a pair USD / CAD in the impulse rising channel, but not ruled out the downward correction to 1.35, after such a rapid growth. However, if the pair would still be able to gain a foothold above 1.36, we can expect further development of the "bullish" trend with the target of 1.37.
This week in Canada comes a report on changes in retail sales. You should also monitor developments in the oil market. The rising cost of oil will be able to provide support to Canadians living in such a difficult time for him.
Forecast NZD / USD on April 26
A currency pair kiwi / dollar level broken 0.7000 reinforced EMA (20) and overcome more than 500 points towards 0.6900. Despite the day off in New Zealand, the trading yesterday was interesting: the pair has broken lower limit of the corridor 0.7050-0.7000, easily taking the nearest target at 0.6970, rushed to 0.6930. Commodity currencies weakened against the US dollar, as the raw materials falls, risk appetite increased and investors are waiting for the announced tax reform Donald Trump. Near level 0.6930 high probability of correction as traders will take profit and steam enters perekuplennosti zone.
Bitcoin exchange rate forecast for April 26
US trading tool Bitcoin / USD reached the goal to 1250. Two weeks Bitcoin gradually gained strength, and finally rose to 1250, after slightly rolled - part of traders fixed profit. Most likely, in the near future we will see new local maxima and correction. Support is NAA 1200, which is close to the EMA line (20). A good indicator of the trend of the trading instrument performs simple average for 50 days, which is now located at 1150 if the price is higher - the trend is up.
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