The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.3256. The pair continues to move within the correction. At this point, we should expect an attempt to test the level of support near the level of 1.3120 and the beginning of the growth of quotations with a target above the level of 1.3580.
USD/CAD weekly forecast & analysis July 23 — 27, 2018
In favor of the growth of the pair USD/CAD will test the trend line on the indicator of relative strength index (RSI). The cancellation of the USD/CAD growth scenario on the current trading week on July 23 — 27, 2018 will be the fall and breakdown of the area of 1.3010, which will indicate the breakdown of the support area and the continuation of the fall growth to the area below the level of 1.2540. Confirmation of the growth of the pair will be the breakdown of the upper limit of the «Triangle» model and the closing above the level of 1.3350.
USD/CAD weekly forecast & analysis July 23 — 27, 2018 suggests an attempt of testing the support area near the level of 1.3120 and the beginning of growth with a target above 1.3580, an additional signal in favor of growth will be a test of the trend line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
