Currency pair US Dollar Canadian Dollar USD/CAD continues to move within a bearish correction. At the time of publication of the forecast, the US Dollar to the Canadian Dollar rate is 1.3028. At this point, we should expect an attempt to test the level of support near the area of 1.2955 and the continued growth of the currency pair. The potential target of growth and working out of the bullish model «5-0» is the area above the level of 1.3145.
USD/CAD forecast Canadian Dollar September 19, 2018
In favor of the growth of quotations of the Canadian Dollar will perform a trend line test on the indicator of relative strength index (RSI). Cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2890, which will indicate the breakdown of the support area and the continuation of the fall of quotations in the area below the level of 1.2720. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of the USD/CAD pair quotations above the level of 1.3085.
USD/CAD forecast Canadian Dollar September 19, 2018 involves trying to test the support area near the level of 1.2955 and continuing growth in the area above the level of 1.3145, an additional signal in favor of the pair’s growth on Forex will test the trend line on the indicator of relative strength index (RSI).
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