The currency pair Canadian dollar against the US dollar USD CAD continues to trade on a local maximum level. Currently quotes able to qualitatively test punched boundary of the rising channel. It also formed a forex model Diamond, the breakdown of which point to the continued growth of quotations USD CAD higher than 1.34.
USD CAD Forecast Canadian Dollar on October 26, 2016
Cancellation option will drop in prices of the Canadian dollar below the level 1.3250, which will point to a continuation of a downward correction for the pair to below 1.3150. We try to buy the pair with the tight stop.
USD CAD Forecast Canadian Dollar on October 26, 2016 suggests an attempt to continue the growth and the start of mining Forex Diamond model with the immediate goal of growth above the level of 1.34, cancellation scenario will be a strong drop in prices below the level of 1.3250.
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