Currency pair US Dollar Canadian Dollar USD/CAD continues to move in the framework of strong growth. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3293. At the moment, we should expect an attempt to correct and test the support level near the 1.3200 area. Further, the continued growth of the currency pair on Forex. The potential target of the upward movement is the area above the level of 1.3455.
USD/CAD forecast Canadian Dollar November 22, 2018
In favor of the growth of quotations of the Canadian Dollar will test the trend line on the indicator of relative strength index (RSI). Cancellation of growth options for USD/CAD at Forex will be the fall and breakdown of the 1.3120 area. This will indicate a breakdown of the support area and a continued decline in quotations to the area below 1.2950. The pair is expected to accelerate growth with the breakdown of the upper boundary of the bullish channel and closing of the USD/CAD quotes above the level of 1.3365.
USD/CAD forecast Canadian Dollar November 22, 2018 involves an attempt to test the resistance area near the level of 1.3200. Further, the continuation of the fall in the area below 1.3455. An additional signal in favor of the pair falling on Forex will be a test of a broken trend line on the relative strength index (RSI). Cancellation of the Canadian Dollar decline option will be a strong growth and the breakdown of the level of 1.3120. This will indicate continued growth.
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