The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2612. At the moment, we should expect an attempt to test the support area near the level of 1.2450 and continue the growth of quotations with a target above 1.3120.
USD/CAD weekly forecast on February 12 — 16, 2018
In favor of the growth of the pair will perform a test of the support line on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of USD/CAD quotations in the current trading week will be the fall and breakdown of the area of 1.2250, which will indicate the breakdown of the lower border of the channel and the continuation of the fall.
USD/CAD weekly forecast on February 12 — 16, 2018 assumes an attempt of testing the support area near 1.2450 and continuing growth with the target above 1.3120, an additional signal in favor of growth will be a breakdown of the trend line on the indicator of relative strength index (RSI), the abolition of the growth option will be the breakdown of the area 1.2250, which indicates the breakdown of the lower boundary of the channel and the continuation of the fall.
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