Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of strong growth. At this point, we should expect an attempt to test the bottom of the uplink near the level of 1.3050 and continue the growth of the pair in the area above the level of 1.3250.
USD/CAD forecast & technical analysis March 20, 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). Canceling the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.3010, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall into the area below 1.2900. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of quotations above the level of 1.3150.
USD/CAD forecast & technical analysis March 20, 2018 involves trying to test the support level near 1.3050 and continuing growth to the area above 1.3250, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the cancellation of the Canadian Dollar growth option will be a breakdown the level of 1.3010.