Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction. At this point, we should expect an attempt to test the resistance level near the area of 1.2870 and continue the fall of the pair into the area below the level of 1.2680.
USD/CAD forecast & technical analysis April 26, 2018
In favor of falling quotations of the Canadian Dollar will perform a test of the resistance line on the indicator of relative strength index (RSI). Canceling the USD/CAD fall on the FOREX market will be strong growth and breakdown of the area of 1.2920, which will indicate the breakdown of the resistance area and the continuation of the growth of quotations to the area above the level of 1.2980. To expect confirmation of the fall of the pair is with the breakdown of the lower border of the rising channel and the closing of the quotes of the pair USD/CAD below the level of 1.2780.
USD/CAD forecast & technical analysis April 26, 2018 suggests an attempt to test the resistance area near the level of 1.2870 and continue falling to the area below the level of 1.2680, an additional signal in favor of the fall will be a trendline test on the relative strength index (RSI), the cancellation of the Canadian Dollar fall breakdown at the level of 1.2920.
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