The currency pair Canadian dollar against the US dollar USD CAD continues to move in line with expectations and is now pushed by the level of support. In favor of the version of the growth is the formation of inverted forex head and shoulders pattern on the indicator of relative strength, as well as test the support line.
USD CAD Forecast Canadian Dollar on January 17, 2017
Cancellation option will drop in the Canadian dollar quotations below the level 1.2990, which will point to continued decline. Expect faster growth USD/CAD currency pair quotes is a breakdown of the 1.3170 area. The purpose of growth is the area at the level of 1.3250.
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 17, 2017 suggests an attempt to increase within the mining reversal forex head and shoulders pattern on the display relative strength with the potential upside target at 1.3250 above the field.
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