The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3531. The pair continues to move in growth. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3335. Then, the growth of quotations with the goal above the level of 1.3915.
USD/CAD weekly forecast & analysis December 24 — 28, 2018
A test of the rising trend line on the relative strength index (RSI) will be in favor of the growth of the USD/CAD pair. As well as a rebound from the lower boundary of the bullish channel. The cancellation of the growth option of the USD/CAD quotes in the current trading week December 24 — 28, 2018 will be a fall and a breakdown of the area of 1.3245. This will indicate a breakdown of the lower boundary of the channel and the continuation of falling into the area below the level of 1.3080. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 1.3675.
USD/CAD weekly forecast & analysis December 24 — 28, 2018 implies an attempt to test the support area near the level of 1.3335. Further, the beginning of growth with the goal above the level of 1.3915. An additional signal in favor of growth will be a test of the trend line on the relative strength index (RSI). Cancellation options for the upward trend will be the fall and the breakdown of 1.3245 area. This will indicate a breakdown of the lower boundary of the channel and a continued decline in the pair.
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