Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an upward correction. It is worth waiting for an attempt to test the resistance level and continue the decline below the level of 1.2050. In favor of falling quotations of the Canadian Dollar is the resistance line test on the indicator of relative strength index (RSI).
USD/CAD forecast Canadian Dollar on September 21, 2017
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. Expect the acceleration of the fall of the Canadian Dollar is with the breakdown of the level of 1.2200.
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 of USD/CAD.
USD/CAD forecast Canadian Dollar on September 21, 2017 involves an attempt to test the resistance level and continue falling with a potential target near 1.2050, an additional signal is the trendline test on the relative strength indicator (RSI).
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