The currency pair Canadian dollar against the US dollar USD CAD closed the trading week down at the level of 1.2954. At the moment, there is potential for further USD/CAD quotes fall within mining forex bearish head and shoulders pattern with a potential to reduce Canadians at a level below 1.25.
USD CAD Forex Forecast 15 August — 19 August, 2016
Cancellation option USD/CAD quotes will drop pairs of strong growth and a break above the 1.31 level, which indicates the potential of the Canadian dollar continued growth in the region above the level of 1.34.
USD CAD Forex Forecast 15 August — 19 August, 2016 suggests an attempt to continue falling in the framework of working out the model’s head and shoulders with a potential target at the level drops below 1.25.
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