The currency pair US Dollar to Canadian Dollar USD/CAD is trading near the level of 1.3291. The pair continues to move within the downward trend due to the intersection of moving averages at the level of 13,380.
Technical analysis USD/CAD on April 18, 2017
The values of the MACD indicator are decreasing and at the moment there is the potential for forming an inverted Head and Shoulder model on the indicator in the purchase of the pair USD/CAD, which indicates the end of the pair the beginning of growth in the area above the level of 1.34.
Expect to accelerate the growth of quotations of the pair is with the breakdown of the level of the slow moving average. The cancellation of the USD/CAD growth option will result in a strong fall and breakdown of the 1.3180 area, which will indicate the reversal of the reversal pattern and the continuation of the fall.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
