Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the correction. At the time of publication of the forecast, the US Dollar to the Canadian Dollar rate is 1.2956. At this point, we should expect an attempt to test the level of support near the area of 1.2870 and the continued growth of the currency pair. The potential growth target is the area above the level of 1.3095.
USD/CAD forecast Canadian Dollar September 26, 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 1.2830, which will indicate the breakdown of the support area and the continuation of the drop in quotations to the area below the level of 1.2750. To expect confirmation of the growth of the pair is with the breakdown of the upper border of the descending channel and the closing of the quotes of the pair USD/CAD above the level of 1.30005.
USD/CAD forecast Canadian Dollar September 26, 2018 assumes an attempt to test the support area near the level of 1.2870 and continue growth to the area above 1.3095, an additional signal in favor of the pair’s growth at Forex will be a trend line test on the indicator of relative strength index (RSI).
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