The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2825. At the moment, we should expect a test of the resistance level near the area of 1.2970 and the continuation of the fall of quotations with a target below the level of 1.2450.
USD/CAD weekly forecast April 30 — May 4, 2018
In favor of the fall of the pair USD/CAD will perform a downward trend test on the indicator of relative strength index (RSI). The cancellation of the continuation of the USD/CAD decline in the current trading week will be a strong growth and breakdown of the 1.3150 area, which will indicate the breakdown of the upper border of the bullish channel and the continuation of growth to the area above the level of 1.3350.
USD/CAD weekly forecast April 30 — May 4, 2018 suggests a test of the resistance area near the level of 1.2970 and the continuation of the fall with a target below 1.2450, an additional signal in favor of the fall will test the trend line on the indicator of relative strength index (RSI), breakdown of the region 1.3150, which indicates the breakdown of the upper boundary of the bullish channel and the continued growth of the pair.
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