The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.3318. The pair continues to move within the framework of growth. At the moment, we should expect a test of resistance near the level of 1.3390 and the beginning of the fall of quotations with a target below the level of 1.2720 as part of the start-up of the bearish model «Wolfe Wave».
USD/CAD weekly forecast June 25 — 29, 2018
In favor of the fall of the pair USD/CAD will test the trend line on the indicator of relative strength index (RSI). The cancellation of the USD/CAD falling in the current trading week will be a strong growth and breakdown of the 1.3550 area, which will indicate the breakdown of the resistance area and the continuation of the pair’s growth to the area above the level of 1.3750. Confirmation of the pair’s decline will be the breakdown of the support area and the closure below the level of 1.3050.
USD/CAD weekly forecast June 25 — 29, 2018 suggests a test of the resistance area near the level of 1.3390 and the beginning of the fall with a target below 1.2720, an additional signal in favor of the decline is the trend line test on the relative strength index (RSI).
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