USD CAD Forecast Canadian Dollar on November 18, 2016


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The currency pair Canadian dollar against the US dollar USD CAD continues to test the support area close to the 1.3450 level; hence we can expect an attempt to increase the Canadian dollar quotations in the area above the level of 1.3550.

USD CAD Forecast Canadian Dollar on November 18, 2016

USD CAD Forecast Canadian Dollar on November 18, 2016

In favor of a growth of quotations serves hearty test rising trendline on the Relative Strength indicator, which also indicates an attempt to continue its growth. Cancellation option will drop in prices USD CAD below 1.33, which points to a continuation of the fall to below 1.3150.

USD CAD Forecast Canadian Dollar on November 18, 2016 suggests an attempt to continue its growth in the rebound from the support area in order to rise above the level of 1.3550 in the rebound from the support area.

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