USD/CAD weekly forecast April 16 — 20, 2018


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The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2613. At this point, we should expect an attempt to test the level of support near the area of ​​1.2550 and the continuation of the growth of quotations with a target above the level of 1.3180.

USD/CAD weekly forecast April 16 — 20, 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). Canceling the option of continuing the growth of USD/CAD quotes in the current trading week will be the fall and breakdown of the area of ​​1.2350, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall into the area below the level of 1.2150.

USD/CAD weekly forecast April 16 — 20, 2018

USD/CAD weekly forecast April 16 — 20, 2018 assumes an attempt of testing the support area near the level of 1.2550 and continuing growth with a target above 1.3180, 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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