Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an upward correction. At the moment, we should expect to try the test level of 1.2770 and continue falling to the area below the level of 1.2550.
USD/CAD prediction & technical analysis on November 28, 2017
In favor of falling quotations of the Canadian Dollar is the resistance line test on the indicator of relative strength index (RSI). Cancellation of the USD/CAD decline on Forex will be strong growth and breakdown of the area of 1.2820, which will indicate the continued growth of the pair. Expect the acceleration of the fall is with the breakdown of the support level and closing below 1.2640.
USD/CAD prediction & technical analysis on November 28, 2017 assumes a test of the level of 1.2760 and continuation of the fall below 1.2550, an additional signal in favor of the drop is the resistance line test on the relative strength index (RSI).
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