Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within a bearish correction. At the moment, you should expect to try the test area 1.2740. Where can we expect a rebound and the continued growth of USD/CAD quotations with a target above 1.3070.
USD/CAD prediction & technical analysis on November 7, 2017
In favor of the growth of quotations of the Canadian Dollar will perform a test of the support area on the indicator of relative strength index (RSI). Cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2690, which will indicate the continued decline of the pair.
USD/CAD prediction & technical analysis on November 7, 2017 suggests an attempt to test the lower border of the channel near the level of 1.2740, from which it is expected to rebound and continue to grow above 1.3070, an additional signal in favor of growth will test the support area on the indicator of relative strength index (RSI).
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