Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an bullish correction. At the moment, we should expect an attempt to test the level of 1.2550 and continue the fall of the pair with a target at 1.2350. In favor of lowering the quotes of the Canadian Dollar, a resistance level test will perform.
USD/CAD prediction & technical analysis on October 16, 2017
Canceling the USD/CAD decline on Forex will be a strong growth and breakdown of the area of 1.2605, which indicates that the pair continues to grow above the level of 1.2670. To expect the acceleration of the fall of the Canadian Dollar is with the breakdown of the level of 1.2425.
USD/CAD prediction & technical analysis on October 16, 2017 assumes a test of the 1.2550 level, from which it is expected to continue the fall of the pair with a target below 1.2350, the cancellation of the Canadian Dollar decline option will be strong growth and breakdown at the level of 1.2605, in which case it is expected to continue growth pair.