Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the fall. At this point, we should expect an attempt to test the resistance level near the area of 1.2710 and continue falling to the area below the level of 1.2510. 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 28, 2017
Canceling the USD/CAD fall on the FOREX market will be a strong growth and breakdown of the area of 1.2770, which indicates the continued growth in the resistance area near the level of 1.2890. Expect the acceleration of the fall is with the breakdown of the level of 1.2620.
USD/CAD forecast Canadian Dollar on December 28, 2017 assumes a test of the level of 1.2710 and continuation of the fall to the area below the level of 1.2510, an additional signal in favor of the drop will be a test of the resistance line on the indicator of relative strength index (RSI), the cancellation of the Canadian Dollar fall will be a breakdown at the level of 1.2770.
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