The currency pair Canadian dollar against the US dollar USD CAD continues to decline in the rebound from the upper border of the descending pattern 5-0. Potential order to develop such a model, the area of Al below 1.27, however, the immediate goal is at 1.30, where we can expect growth and attempt to break the upper boundary of the model 5-0.
USD CAD Canadian Dollar Forex forecast on September 5, 2016
An additional signal in favor of the continuation of growth will test the rising support line on the indicator of relative strength. Cancellation option will be a breakdown of the upper limit of 5-0 models that point to continued growth.
USD CAD Canadian Dollar Forex forecast on September 5, 2016 suggests an attempt to fall in the region at 1.30, where we should expect a rebound, but it is important to understand about the publication NON-FARM PAYROLLS and risks associated with this event.
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