USD CAD Forecast on November 21, 2016


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The currency pair Canadian dollar against the US dollar USD CAD showed growth and trading in line with expectations. At the moment, there is potential for a downward correction in the rebound values relative strength indicator on the descending resistance line.

USD CAD Forecast on November 21, 2016

USD CAD Forecast on November 21, 2016 usd-cad-forecast-on-november-21-2016 usd-cad-forecast-on-november-21-2016

The purpose of the fall can be a region at the level of the ascending channel’s lower border near 1.3450. Cancellation option can be broken through the resistance line that points to the continued growth of quotations of the Canadian dollar above the 1.36 level.

USD CAD Forecast on November 21, 2016 suggests an attempt to drop a pair of quotes in the area at the level of 1.3450, where we should expect the continuation of USD/CAD growth.

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