Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an upward correction. At this point, we should expect an attempt to test the broken model of the «Triangle» at the level of 1.2800 and continue the growth in the area above the level of 1.2985.
USD/CAD prediction & technical analysis on November 29, 2017
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). The cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2720, which will indicate a decline in the pair’s growth. Expect to accelerate growth is with the breakdown of the level of 1.2840.
USD/CAD prediction & technical analysis on November 29, 2017 assumes a test of the level of 1.2800 and continuation of growth in the area above the level of 1.2985, 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 growth option for the Canadian Dollar will be a strong fall and breakdown at the level of 1.2720.
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