The currency pair Canadian dollar against the US dollar USD CAD broke through the upper boundary of the triangle pattern, which indicates continued growth in the region above the level of 1.32.
USD CAD Forecast Canadian Dollar on July 12, 2016
Cancellation option can be a strong drop in prices USD CAD in the area below the level of 1.28, which would provoke a continuation of the fall to the level of the lower boundary of the triangle model. An additional signal in favor of the continued growth and testing of the model triangle breakout resistance line appears on the display relative strength, which also involves the growth of USD CAD.
USD CAD Forecast Canadian Dollar on July 12, 2016 indicates the potential growth of the US currency against the Canadian dollar to above 1.32 level within the framework of working out graphical figures.
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