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 bottom of the channel near the level of 1.2750 and continue the growth of the pair in the area above the level of 1.3230.
USD/CAD forecast & technical analysis April 6, 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 scenario on Forex will be the fall and breakdown of the area of 1.2670, which will indicate the breakdown of the lower border of the channel and the continuation of the fall into the area below the level of 1.2550. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of quotations above the level of 1.2930.
USD/CAD forecast & technical analysis April 6, 2018 suggests an attempt to test the lower border of the channel near 1.2750 and continue growth to the area above the level of 1.3230, 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 1.2670.
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