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 1.3354. At the moment, we should expect an attempt to grow and test the resistance level near the 1.3375 area. Further, the continuation of the fall of the currency pair on FOREX. The potential target of reducing quotes is the area below the level of 1.3125.
USD/CAD Forecast Canadian Dollar January 25, 2019
In favor of reducing the quotes of the Canadian Dollar will be a breakdown of the rising trend line on the relative strength index (RSI). As well as the formation of the bearish 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. Waiting for confirmation of the pair falling is with the breakdown of the lower boundary of the bullish channel and closing of the USD/CAD quotes below the level of 1.3245.
USD/CAD Forecast Canadian Dollar January 25, 2019 involves an attempt to test the resistance area near the level of 1.3375. Further, the continuation of the fall in the area below the level of 1.3125. 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.
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