Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the downward channel. It is worth waiting for an attempt to test the upper border of the channel near the level of 1.2245 and continue the fall with a potential target near the level of 1.1940.
USD/CAD forecast Canadian Dollar on September 19, 2017
In favor of falling quotations of the Canadian Dollar will perform a resistance test on the indicator of relative strength index (RSI). Canceling the USD/CAD fall on the Forex market will be a strong growth and breakdown of the area of 1.2270, which indicates 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 within the technical analysis USD/CAD.
USD/CAD forecast Canadian Dollar on September 19, 2017 suggests a rebound from the upper boundary of the channel to fall near the level of 1.1940, an additional signal will test the resistance area on the indicator of relative strength index (RSI).