Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the fall. At the moment, we should wait for the test of the level of 1.2750 and continue the fall in the area below the level of 1.2610. In favor of falling quotations of the Canadian Dollar will perform a test of the resistance line on the indicator of relative strength index (RSI).
USD/CAD forecast Canadian Dollar on December 22, 2017
The cancellation of the USD/CAD fall on the FOREX market will be a strong growth and breakdown of the area of 1.2910, which will indicate the outflow of quotations beyond the lateral movement and the continued growth. To expect the acceleration of the fall is with the breakdown of the support level and the closing below the area of 1.2600.
USD/CAD forecast Canadian Dollar on December 22, 2017 assumes a test of the 1.2750 level and continuation of the fall to the area below the level of 1.2610, an additional signal in favor of the drop will be a resistance line test on the relative strength index (RSI), the cancellation of the Canadian Dollar fall will be a breakdown at the level of 1.2910.
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