Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within a downward correction. At this point, we should expect an attempt to test the area of support and continue the growth with a target above the level of 1.2950.
USD/CAD prediction & technical analysis on November 14, 2017
In favor of the growth of quotations of the Canadian Dollar is the formation of the reversal pattern «Head and Shoulders» on the indicator of relative strength. The cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2580, 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 14, 2017 suggests an attempt to rebound from the support area and the continuation of the USD/CAD growth above the level of 1.2950, an additional signal in favor of growth is the formation of the reversal model “Head and shoulders” on the indicator of relative strength index (RSI), growth will fall and breakdown at the level of 1.2580.
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