The currency pair Canadian dollar against the US dollar USD CAD is still trading within the bullish trend and is currently retained potential for growth in the area above the level of 1.33. An additional signal in favor of the growth is the test rising trendline on the Relative Strength Indicator.
USD CAD Forecast FOREX market October 12, 2016
Cancellation option will drop below the level of the Canadian dollar 1.3150 quotes that point to continued decline in the area below the level of 1.3050. We try to buy the pair with the tight stop below 1.3150.
USD CAD Forecast FOREX market October 12, 2016 suggests an attempt to increase in the rebound from the support area of the channel’s lower border and rising trend line on the indicator of relative strength.
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