Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in a strong fall. At this point, we should expect a test of the resistance level near 1.2835 and the continuation of the fall in the area below the level of 1.2500.
USD/CAD forecast & technical analysis on December 5, 2017
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). The cancellation of the USD/CAD fall on the Forex market will be the fall and breakdown of the area of 1.2920, which will indicate the continued growth of the pair. To expect the acceleration of the fall is with the breakdown of the level of 1.2660.
USD/CAD forecast & technical analysis on December 5, 2017 suggests an attempt to test the resistance level near 1.2835 and continue falling to the area below the level of 1.2500, an additional signal in favor of the drop will be the resistance line test on the relative strength index (RSI), the cancellation of the Canadian Dollar fall option will be a strong one growth and breakdown of the level of 1.2920.
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