Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth framework. At the time of publication of the forecast, the US dollar to the Canadian Dollar rate is 1.3000. 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 growth target is the area above the level of 1.3145.
USD/CAD forecast Canadian Dollar September 27, 2018
In favor of the growth of quotations of the Canadian Dollar, the test of the support area on the indicator of relative strength index (RSI) will perform, as well as the formation of the reversal model «Head and Shoulders». Cancellation of the USD/CAD growth scenario on Forex will be the fall and breakdown of the area of 1.2865, which will indicate the breakdown of the support area and the continuation of the fall of 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 resistance area and the closing of the USD/CAD pair quotations above the level of 1.3055.
USD/CAD forecast Canadian Dollar September 27, 2018 involves trying to test the support area near the level of 1.2955 and continuing growth to the area above 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).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
