The currency pair Canadian dollar against the US dollar USD CAD continues to test the support area, and at the moment there is a potential for growth in cancers rebound values of the indicator of the relative strength of the support area.
Technical Analysis USD CAD and forex forecast on December 9, 2016
The aim of growth of quotations of the Canadian dollar pair is the area above the level of 1.3650. USD CAD Acceleration of growth of quotations is expected breakdown level of the descending trend line on the indicator of relative strength. Cancellation option will be the growth of a drop in prices pair below 1.3150, it will point to the continued decline and the breakdown of the area of support. Important data from Canada tomorrow is not expected, so the pair will continue to move in the USD / CAD technical analysis.
Technical Analysis USD CAD and forex forecast on December 9, 2016 suggests an attempt to rebound from the support area and the beginning of growth to the potential fir higher than 1.3650.
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