The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.3194. The pair continues to move within the bullish channel. At the moment, we should expect an attempt to test the support area near the level of 1.3050 and continue the growth of quotations for a target above 1.3550.
USD/CAD weekly forecast June 18 — 22, 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 continuation of USD/CAD quotations growth in the current trading week will be the fall and breakdown of the area of 1.2920, which will indicate the breakdown of the support area and the continuation of the fall into the area below the level of 1.2550. Confirmation of the growth of the pair will be the breakdown of the upper boundary of the channel and the closing above the level of 1.3250.
USD/CAD weekly forecast June 18 — 22, 2018 suggests testing of the support area near the 1.3050 level and continuing growth with a target above 1.3550, 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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