Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an upward correction. It is worth waiting for an attempt to test the resistance level near the area of 1.2400 and continue the decline below the level of 1.22.
USD/CAD prediction & technical analysis on September 22, 2017
In favor of falling quotations of the Canadian Dollar is the resistance line test on the indicator of relative strength index (RSI). The cancellation of the USD/CAD fall on the Forex market will be strong growth and breakdown of the area of 1.2450, which indicates that the pair continues to grow above the level of 1.2550. Expect the acceleration of the fall of the Canadian Dollar is with the breakdown of the level of 1.2200.
Among the important news from Canada, which can influence the exchange rate of the Canadian Dollar pair, is the following: Consumer price index.
USD/CAD prediction & technical analysis on September 22, 2017 involves trying to test the resistance level and continuing the fall with a potential target near 1.22, an additional signal is the trendline test on the relative strength indicator (RSI), the cancellation of the drop will be a rise above the level of 1.2550.
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