The currency pair Canadian dollar against the US dollar USD CAD completes the current trading week with a strong upward movement. At the moment, there are risks of correction to a broken neckline of an inverted head and furnace model.
FOREX USD CAD forecast 23.05.2016 — 27.05.2016
After that is expected to continue rising in the vision area above the level of 1.3350. Cancellation option of continuing USD CAD growth of quotations in the week 23.05.2016 — 27.05.2016 will drop the pair below 1.2800. What lead to the cancellation of an inverted head and shoulders pattern. The purpose of growth is the test of the upper boundary of the descending channel, which is expected to attempt to fall.
FOREX USD CAD forecast 23.05.2016 — 27.05.2016 suggests an attempt to continue its growth in the framework of completion of work on the model’s head and shoulders with a view above the 1.3350 level.
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