Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of growth. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3314. At the moment, we should expect an attempt to grow and test the resistance level near 1.3365. Further, the continuation of the fall of the currency pair on FOREX. The potential goal of reducing quotes is the area below the level of 1.3035.
USD/CAD Forecast Canadian Dollar January 24, 2019
In favor of reducing the quotations of the Canadian Dollar will test a downward trend line on the indicator of relative strength index (RSI). As well as the formation of a downward model «Flag». Cancellation of the option of falling USD/CAD at FOREX will be a strong growth and the breakdown of the area of 1.3405. This will indicate a breakdown of the resistance level and continued growth of quotations in the area above the level of 1.3495. Expect to accelerate the fall of the pair stands with the breakdown of the lower border of the model and closing of the USD/CAD quotes below the level of 1.3235.
USD/CAD Forecast Canadian Dollar January 24, 2019 involves an attempt to test the resistance area near the level of 1.3365. Further, the continuation of the fall in the area below 1.3035. An additional signal in favor of reducing the pair on Forex will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall of the Canadian Dollar will be a strong growth and the breakdown of the level of 1.3405. This will indicate a continuation of the climb with a potential target above level 1.3495.