The currency pair Canadian dollar against the US dollar USD CAD continues to move in the rebound from the support area. At the moment, there is the potential for the formation of reversal pattern Forex Head and Shoulders on the relative strength indicator and has a breakdown of the upper limit of the downward channel is expected to attempt to increase to above the level of 1.3250.
USD CAD Forecast Canadian dollar on January 16, 2017
Cancellation option will drop in the Canadian dollar quotations below the level of 1.30, which indicates a potential implementation model Forex double top.
Important news from Canada is not expected, so the pair will continue to move in the USD/CAD technical analysis.
USD CAD Forecast Canadian dollar on January 16, 2017 suggests an attempt to rebound from the support area and the beginning of growth in the framework of the continuation of the bull trend on the pair with the immediate goal at a level above the area of 1.3250.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
