Technical Analysis USD CAD and Forecast on November 15, 2016


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The currency pair Canadian dollar against the US dollar USD CAD continues to move through the development of an uptrend. Currently quotes fulfilled the purpose working out of the channel width, and after a minor correction of the Canadian dollar quotations are expected to continue growing in the area above the level of 1.37.

Technical Analysis USD CAD and Forecast on November 15, 2016

Technical Analysis USD CAD and Forecast on November 15, 2016

In favor of such an option appears serious drop in prices and oil prices, in this embodiment, the Canadian dollar is potentially ready to test the area of 1.37 or higher, and the ruble will be able to test the area of 70 rubles to the dollar and higher.

Technical Analysis USD CAD and Forecast on November 15, 2016 assumes continued growth in the region of the Canadian dollar quotations 1.37 after minor USD/CAD quotes correction to 1.35. Cancellation option will drop in prices below the level of 1.33.

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