The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2852. The pair continues to move within the framework of growth. At the moment, we should expect an attempt to fall to the lower boundary of the channel near the level of 1.2550 and continue growth with the target above the level of 1.3170.
USD/CAD weekly forecast on on December 11 — 15, 2017
In favor of continuing the growth of the pair will perform a test of the support line on the indicator of relative strength index (RSI). The cancellation of the continuation of USD/CAD quotes growth in the current trading week will be the fall and breakdown of the area of 1.2450, which will indicate the continuation of the fall of the Canadian Dollar and the abolition of the bullish model “5-0”.
USD/CAD weekly forecast on on December 11 — 15, 2017 assumes an attempt to test the level of 1.2550 and continue the growth above 1.3170, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), as well as the formation of the bearish model «5-0» the cancellation of the growth option will be the breakdown of the area of 1.2450, which will indicate the continuation of the fall.
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