USD CAD Forecast today May 12 2016



Currency pair USD CAD Canadian Dollar continues to trade on the Forex in line with expectations and our forecast for tomorrow usd cad. Currently we should expect the continuation of the fall of the Canadian dollar quotations in the region at a level below 1.28 for the completion of the formation of the right shoulder model, and then we should expect the continuation of USD CAD quotations growth in the region at a level above 1.31. An additional signal in favor of the beginning of growth will test the uptrend line on the RSI indicator of relative strength.

USD CAD Forecast today May 12 2016

USD CAD Forecast today May 12 2016

Thus, USD CAD Forecast today May 12 2016 suggests an attempt to continue falls in the rebound from the resistance area on the chart.


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