The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.3191. The pair continues to move within the bullish channel. At the moment, we should expect an attempt to test the support level near the area of 1.2975 and continue the growth of quotations with a target above the level of 1.3645.
USD/CAD weekly forecast & analysis September 10 — 14, 2018
In favor of the growth of the pair USD/CAD will test the upward trend line on the indicator of relative strength index (RSI). The cancellation of the USD/CAD growth scenario on the current trading week on September 10 — 14, 2018 will be a strong fall and breakdown of the area of 1.2850, which will indicate the breakdown of the lower border of the channel and the continuation of the fall into the area below the level of 1.2500. Confirmation of the growth of the pair will break through the resistance area and the closure above the level of 1.3300.
USD/CAD weekly forecast & analysis September 10 — 14, 2018 suggests testing of the support area near the level of 1.2975 and the beginning of growth with a target above 1.3645, an additional signal in favor of growth will be a trend line test on the indicator of relative strength index (RSI).
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