The currency pair Canadian dollar against the US dollar USD CAD showed an increase in the resistance region. At the moment, eating potential for continuation of growth of pair within quotation mining forex inverted head and shoulders pattern.
USD CAD Forecast Canadian Dollar on September 12, 2016
An additional signal in favor of the continued growth of quotations USD CAD performs a rebound from the lower boundary of the rising channel indicator of relative strength. Cancellation option will be the growth of the Canadian dollar drop in prices pair below 1.2820, it will point to the abolition of the forex model inverted head and shoulders and continued falling USD CAD to below 1.27. We try to buy the pair with the tight stop loss below the right shoulder-level model and are willing to increase the amount of purchases with the development of the Canadian dollar growth.
USD CAD Forecast Canadian Dollar on September 12, 2016 suggests an attempt to continue the upward movement within the mining forex inverted head and shoulders pattern with a view to increase above the level of 1.3060.
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