Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the bearish channel. At this point, we should expect an attempt to test the support level near the area of 1.2460 and continue the growth of the pair in the area above the level of 1.2640. In favor of the growth of quotations of the Canadian Dollar will perform a test of the support line on the indicator of relative strength index (RSI).
USD/CAD forecast & technical analysis February 13, 2018
The cancellation of the USD/CAD growth option on FOREX will be the fall and breakdown of the area of 1.2400, which will indicate the breakdown of the support level and the continuation of the fall into the area below 1.2240.
USD/CAD forecast & technical analysis February 13, 2018 suggests an attempt to test the support level near 1.2460 and continue growth to the level above 1.2640, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the cancellation of the Canadian Dollar growth option will be a breakdown the level of 1.2400.
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