Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in within the rising channel. At this point, we should expect an attempt to test the support level near the area of 1.2940 and continue to grow the pair in the area above the level of 1.3245.
USD/CAD forecast & technical analysis June 13, 2018
In favor of the growth of quotations of the Canadian Dollar will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the USD/CAD growth scenario on Forex will be the fall and breakdown of the area of 1.2860, which will indicate the breakdown of the support area and the continuation of the fall of quotations to the area below the level of 1.2650. Expect to confirm the growth of the pair is with the breakdown of the upper limit of the model «Triangle» and the closing of the quotes of the pair USD/CAD above the level of 1.3060.
USD/CAD forecast & technical analysis June 13, 2018 suggests an attempt to test the support area near the level of 1.2940 and continue the growth in the area above the level of 1.3245, an additional signal in favor of the pair’s growth will test the trend line on the indicator of relative strength index (RSI), the cancellation of the growth option for the Canadian Dollar will breakdown at the level of 1.2860.
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