Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the fall. At this point, we should expect an attempt to test the resistance level near the area of 1.2610 and continue falling to the area below the level of 1.2360.
USD/CAD forecast & technical analysis January 3, 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). The cancellation of the USD/CAD fall on the FOREX market will be strong growth and breakdown of the area of 1.2660, which will indicate the continued growth in the resistance area near the level of 1.2850. Expect to accelerate the fall is with the breakdown of the level of 1.2500.
USD/CAD forecast & technical analysis January 3, 2018 assumes a test of the level of 1.2610 and continuation of the fall below 1.2360, an additional signal in favor of the drop will be a resistance line test on the relative strength index (RSI), the cancellation of the Canadian Dollar fall will be a breakthrough at level 1.2660.