Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in as part of the growth and bullish channel. At this point, we should expect an attempt to test the support level near the area of 1.3170 and continue the growth of the pair in the area above the level of 1.3455.
USD/CAD forecast & technical analysis June 20, 2018
In favor of the growth of quotations of the Canadian Dollar will perform a trend line test 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 1.3100, which will indicate the breakdown of the support area and the continuation of falling quotations in the area below the level of 1.3000. To expect confirmation of the growth of the pair is with the breakdown of the upper border of the channel and the closing of the quotes of the pair USD/CAD above the level of 1.3320.
USD/CAD forecast & technical analysis June 20, 2018 assumes an attempt of testing the support area near the level of 1.13170 and continuing growth in the area above the level of 1.3455, an additional signal in favor of the pair’s growth will be a trend line test on the relative strength index (RSI), the cancellation of the Canadian Dollar growth option will breakdown at the level of 1.3100.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
