Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the downward channel. It is worth waiting for an attempt to rebound from the upper boundary of the channel and fall with a potential target near the level of 1.20.
USD/CAD forecast Canadian Dollar on September 15, 2017
In favor of falling quotes of the Canadian Dollar is the formation of the reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the USD/CAD fall on the Forex market will be a strong growth and breakdown of the region of 1.2250, which will indicate that the pair continues to grow above the level of 1.2450.
Important news from Canada, which may affect the exchange rate of the Canadian Dollar pair, is not expected therefore the pair will continue to move in the technical analysis USD/CAD.
USD/CAD forecast Canadian Dollar on September 15, 2017 involves a rebound attempt from the upper border of the channel with a target near the level of 1.20, an additional signal is the formation of a depraved model on the indicator of relative strength index (RSI), the cancellation of the fall version will break through the area of 1.2250.