Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3355. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to continue the fall and a test of the support level near the 1.3320 area. Further, the continued growth of the currency pair in Forex. The potential goal of raising quotes is the area above the level of 1.3455.
USD/CAD Forecast Canadian Dollar April 12, 2019
In favor of the growth of quotations of the Canadian Dollar will test the trend line on the indicator of relative strength index (RSI). As well as a rebound from the support area. Cancellation of the growth option for USD/CAD at FOREX will be a fall and a breakdown of the area of 1.3295. This will indicate a breakdown of the support area and the continuation of the fall in quotations to the area below the level of 1.3175. Waiting for confirmation of the pair’s growth is with the breakdown of the upper boundary of the downward channel and closing of the USD/CAD quotes above the level of 1.3425.
USD/CAD Forecast Canadian Dollar April 12, 2019 implies an attempt to test the support area near the level of 1.3320. Further, the continuation of growth in the region above the level of 1.3455. An additional signal in favor of raising the pair at Forex will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of the Canadian Dollar will be the fall and the breakdown level of 1.3295. This will indicate a continuation of the decline with a potential target below level 1.3175.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
