FOREX forecast and technical analysis USD CAD on November 24, 2016


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The currency pair Canadian dollar against the US dollar USD CAD continues to test the support area close to the 1.34 level. Currently quotes could be repelled from the bottom of the uplink, which indicates the continued growth in the USD CAD region above the level 1.3650.

FOREX forecast and technical analysis USD CAD on November 24, 2016

FOREX forecast and technical analysis USD CAD on November 24, 2016

Cancellation option will be a breakdown of the channel’s lower border in the fall of the Canadian dollar quotations below the level of 1.33, which points to the continued decline in the area below the level of 1.31. In favor of continued growth also favored the rebound values of the indicator of the relative strength of the uptrend line. We try to buy the pair and are ready to increase the amount of long positions in the development of an upward trend.

FOREX forecast and technical analysis USD CAD on November 24, 2016 suggests an attempt to increase within the mining bullish forex model 1: 1 in order to stock is above the level of 1.3650.

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