FOREX technical analysis USD CAD on November 4, 2016


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The currency pair Canadian dollar against the US dollar USD CAD continues to trade within the framework of the development of an upward trend. At the moment quotes are testing the newly pierced area of the channel, and is expected to try USD CAD quotes growth to a level above the 1.35 area.

FOREX technical analysis USD CAD on November 4, 2016

FOREX technical analysis USD CAD on November 4, 2016

Cancellation option will drop in prices pair below the level of 1.33, which indicates a continuation of the decline in the Canadian region of the rising channel’s lower border. Once again, we try to buy the pair with the tight stop.

FOREX technical analysis USD CAD on November 4, 2016 suggests an attempt to increase within the mining width punched channel with a potential target price growth of the pair above the level of 1.35.

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