The currency pair Canadian dollar against the US dollar USD/CAD is trading fully in line with expectations and our previous forecast USD/CAD.
USD CAD Forecast June 20, 2016 — June 24, 2016
At the moment, there is the potential for the formation of inverted head and shoulders pattern, and the continued growth of quotations USD CAD to an higher level of 1.32. Cancellation option can be a drop in the Canadian dollar quotations below the level of 1.27, which will lead to the cancellation of a reversal pattern. We continue to keep buying the pair and stop the transaction transferred to profit. An alternative would be a drop in USD/CAD quotes in the area below the level of 1.25, which will lead to the formation of the bull wave pattern Wolfe.
USD CAD Forecast June 20, 2016 — June 24, 2016 suggests an attempt to fall in the region at 1.29, where we can expect the beginning of growth of quotations USD CAD with a view above the level of 1.32.
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