The currency pair Canadian dollar against the US dollar USD CAD continues to decline and is now able to test the area of a local minimum. At the moment, there is potential for a rebound in the area above the level of 1.3140. In favor of a bounce speaks tight test support area on the indicator of relative strength.
USD CAD Forecast Canadian Dollar on January 13, 2017
Cancellation option can be a continuation of the fall and breakdown of 1.3020 area, which point to a continuation of the fall to below 1.2950.
Important news from Canada tomorrow is not expected, so the pair will continue to move in the USD CAD Technical Analysis.
USD CAD Forecast Canadian Dollar on January 13, 2017 suggests an attempt by the field support the rebound, but high-quality models in the chart do not, so we stay out of the market for the pair USD/CAD.
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