USD/CAD forecast & technical analysis April 25, 2018


Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the growth framework. At this point, we should expect an attempt to test the support level near the area of ​​1.2780 and continue the growth of the pair in the area above the level of 1.2950.

USD/CAD forecast & technical analysis April 25, 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 ​​1.2750, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of quotations in the area below the level of 1.2700. 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 1.2870.

USD/CAD forecast & technical analysis April 25, 2018

USD/CAD forecast & technical analysis April 25, 2018 suggests an attempt to test the lower border of the channel near the area of ​​1.2760 and continue growth to the area above 1.2950, ​​an additional signal in favor of growth will test the trend line on the indicator of relative strength index (RSI), the cancellation of the growth option for the Canadian Dollar will breakdown at the level of 1.2750.


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