Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within a bearish correction. At this point, we should expect an attempt to rebound from the area of support and continue growth with a target above the level of 1.30. In favor of the growth of quotations of the Canadian Dollar is the test of an bullish trendline on the indicator of relative strength index (RSI).
USD/CAD prediction & technical analysis on November 10, 2017
The cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2650, which will indicate the continuation of the pair’s decline. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.2840.
USD/CAD prediction & technical analysis on November 10, 2017 involves an attempt to rebound from the support area and the USD/CAD advance above the level of 1.3000, an additional signal in favor of growth is the test of the support line on the indicator of relative strength index (RSI), the level of 1.2650.
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