The currency pair Canadian dollar against the US dollar USD CAD continued its growth and was able inverted forex mining model. At the moment, there is a potential for continued growth of quotations USD CAD in the region at a level above 1.3100, with the breakdown of the resistance level 1.3150, we can expect acceleration of the upward trend and the test area above the level of 1.34.
USD CAD Forecast Canadian Dollar on September 13, 2016
We continue to hold long positions in the pair and are ready to increase the volume of purchases from the breakdown of the resistance area. Cancellation option of continued growth of the Canadian dollar quotations will fall below the level of 1.2730.
USD CAD Forecast Canadian Dollar on September 13, 2016 suggests an attempt to continue the growth of quotations in the region of 1.31, the breakdown of which points to continued growth.