USD CAD Forecast Canadian Dollar on November 9, 2016


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The currency pair Canadian dollar against the US dollar USD CAD continues to test the region close punched channel. To date based on the online broadcast US presidential elections, Hillary Clinton wins, this option assumes oil price increase attempt, therefore, Canadian prices may downtrend. However, we try to buy the pair from the support level, but at the same time do not rule out an attempt to trend upward line test on the indicator of relative strength, and only then to continue the growth of quotations of the pair.

USD CAD Forecast Canadian Dollar on November 9, 2016

USD CAD Forecast Canadian Dollar on November 9, 2016

USD CAD Forecast Canadian Dollar on November 9, 2016 suggests an attempt to increase within the support area of the rebound in order to increase above the level of 1.35; the cancellation option may be a drop in prices below the level of 1.33, and a victory in the US elections, Hillary Clinton.

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