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 level of the lower border of the channel near the area of 1.3120 and continue the growth of the pair in the area above the level of 1.3400.
USD/CAD forecast & technical analysis July 4, 2018
In favor of the growth of quotations of the Canadian Dollar will perform a test of the support area on the indicator of relative strength index (RSI). Cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.3070, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of quotations in the area below the level of 1.2880. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of the USD/CAD pair quotations above the level of 1.3250.
USD/CAD forecast & technical analysis July 4, 2018 involves trying to test the support area near the 1.3120 level and continuing growth to an area above 1.2980, an additional signal in favor of the pair’s decline is the trend line test on the relative strength index (RSI), the cancellation of the Canadian Dollar fall will breakdown at the level of 1.3400.
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