Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the fall. It is worth waiting for a test of the level of 1.2080 from which we expect a rebound and growth of quotations of the pair above the level of 1.2400.
USD/CAD forecast Canadian Dollar on September 12, 2017
In favor of the growth of quotations of the Canadian Dollar will form the reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the USD/CAD fall in the Forex market will be the fall and breakdown of the area of 1.2030, which indicates that the pair will continue to decline with the potential target below the level of 1.1950.
Important news from Canada, which may influence the exchange rate of the Canadian Dollar pair, is not expected therefore the pair will continue to move within the technical analysis USD/CAD.
USD/CAD forecast Canadian Dollar on September 12, 2017 suggests an attempt to increase to an area above the level of 1.2400 as part of the development of the reversal model on the relative strength indicator (RSI), with the breakdown of the breakout area of 1.2030.
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