The currency pair Canadian dollar against the US dollar USD CAD finished the trading week at 1.2996. Currently we should expect the beginning of growth of pair within quotation mining forex inverted head and shoulders pattern, which indicates a potential test of the upper boundary of the rising channel at a level above 1.34.
USD CAD Forecast on September 5, 2016 — September 9, 2016
Cancellation option will drop in prices pair frost 1.28 field that cancels the reversal pattern. Increase the volume of purchases of the pair USD CAD is only a breakdown of the neckline above the level of 1.31. We already try to buy the pair with a close stop loss at the level of the formation of the right shoulder model.
USD CAD Forecast on September 5, 2016 — September 9, 2016 suggests an attempt to increase to 1.34 in the framework of start working out a reversal pattern Forex Head and Shoulders.
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