Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the rising channel. At this point, we should expect an attempt to test the lower border of the channel and continue growing with a target above the level of 1.3070.
USD/CAD prediction & technical analysis on November 9, 2017
In favor of the growth of quotations of the Canadian Dollar is the breakdown of the downward trend line 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 9, 2017 suggests an attempt to test the lower border of the channel, from which it is expected to rebound and the USD/CAD rise above 1.3070, an additional signal in favor of growth is the breakdown of the support line on the relative strength indicator (RSI).
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