USD/CAD forecast & technical analysis January 3, 2018


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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

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.

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