The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2666. At the moment, we should expect an attempt to test the lower border of the channel near the area of 1.2500 and continue the growth of quotations for a target above 1.3050.
USD/CAD weekly forecast April 23 — 27, 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 a 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 23 — 27, 2018 suggests an attempt of testing the support area near the level of 1.2500 and continuing growth with a target above 1.3050, an additional signal in favor of growth will be a trend line test on the indicator of relative strength index (RSI), area 1.2350, which indicates the breakdown of the lower boundary of the bullish channel and the continuation of the fall of the pair.
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