The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2520. The pair continues to move as part of the development of the bearish model «5-0». At the moment, we should expect a test of the resistance level near the 1.2600 area and the continuation of the fall of quotations with a target below the level of 1.2200.
USD/CAD weekly forecast on January 15 — 19, 2018
In favor of continuing the fall of the pair will test the resistance line on the indicator of relative strength index (RSI). The abolition of the continuation of the USD/CAD decline in the current trading week will be strong growth and breakdown of the area of 1.2780, which will indicate the breakdown of the upper border of the channel and the continuation of growth.
USD/CAD weekly forecast on January 15 — 19, 2018 suggests a test of the resistance level near 1.2600 and the continuation of the fall with a target below 1.2200, an additional signal in favor of the drop will be a trend line test on the relative strength index (RSI), the dropping of the fall version will be the breakdown of the area 1.2780, which indicates the continued growth of the pair.