The currency pair Canadian dollar against the US dollar USD CAD continues to move in an uptrend. At the moment, we can expect an attempt to continue growth through forex mining inverted head and shoulders pattern on the indicator of relative strength.
Forecast FOREX and technical analysis USD CAD on November 14, 2016
Cancellation option will drop in the Canadian dollar quotations below the level 1.3350, which will point to the continued decline and the development of a downward correction for the pair USD / CAD. The purpose of growth and testing of the model is the area above the level of 1.37.
Forecast FOREX and technical analysis USD CAD on November 14, 2016 suggests an attempt to continue the growth of quotations within the mining forex reversal pattern with the target above the level of 1.37.