Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the fall. At this point, we should expect a test of resistance level 1.2485 and continuation of the fall in the area below the level of 1.2350. 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).
USD/CAD forecast & technical analysis January 16, 2018
The cancellation of the USD/CAD fall on the FOREX market will result in a strong growth and breakdown of the region of 1.2500, which will indicate the continued growth in the area near the level of 1.2570. Expect to accelerate the fall is with the breakdown of the level of 1.2340.
USD/CAD forecast & technical analysis January 16, 2018 involves an attempt to test the level of 1.2485 and continue falling to the area below the level of 1.2350, an additional signal in favor of the fall will test the resistance line on the indicator of relative strength index (RSI), the cancellation of the Canadian Dollar fall will be a breakdown at 1.2500.
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