Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an bullish correction. It is worth waiting for an attempt to test the resistance level and continue the decline below the level of 1.2050.
USD/CAD forecast Canadian Dollar on September 20, 2017
In favor of falling quotations of the Canadian Dollar is the resistance line test on the indicator of relative strength index (RSI). The cancellation of the USD/CAD fall on the Forex market will be strong growth and breakdown of the area of 1.2350, which will indicate the continued growth of the pair above the level of 1.2550.
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 20, 2017 involves a fall attempt with a potential target near 1.2050, an additional signal is the resistance line test on the relative strength indicator (RSI).
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