Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in as part of the decline. At this point, we should expect an attempt to test the resistance level of 1.3240 area and continue falling of the pair in the area below the level of 1.2980.
USD/CAD forecast & technical analysis July 3, 2018
In favor of falling quotations of the Canadian Dollar, a trend line test will be performed 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 1.3290, which will indicate the breakdown of the resistance area and the continuation of the growth of quotations in the area above the level of 1.3370. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing of the USD/CAD pair quotations below the level of 1.3120.
USD/CAD forecast & technical analysis July 3, 2018 suggests an attempt to test the resistance area near the level of 1.3240 and continue falling to the area below the level of 1.2980, an additional signal in favor of the pair’s decline will be a trendline test on the relative strength index (RSI), the cancellation of the Canadian Dollar fall variant there will be a breakdown at level 1.3290.
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