Currency pair US Dollar to Canadian Dollar USD/CAD continues to move near the support level. At the moment, we should expect an attempt to test the level of 1.2645 and continue growth in the area above the level of 1.2875.
USD/CAD forecast & technical analysis on December 6, 2017
In favor of the growth of quotations of the Canadian Dollar will perform a test of the support line on the indicator of relative strength index (RSI). The cancellation of the USD/CAD growth option on FOREX will be the fall and breakdown of the area of 1.2600, which will indicate the continuation of the fall of the pair. Expect to accelerate growth is with the breakdown of the level of 1.2710.
USD/CAD forecast & technical analysis on December 6, 2017 assumes a test of the support level near 1.2645 and the continuation of growth to the area above the level of 1.285, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the cancellation of the Canadian Dollar growth option will be a breakdown the level of 1.2600.
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