The currency pair Canadian dollar against the US dollar USD CAD showed strong growth in the current trading week and completes its growth. At the moment, there is a potential for continued upward movement the pair USD CAD within the mining model punched triangle with a potential target of growth above the level of 1.35.
USD CAD Forex forecast July 11, 2016 — July 15, 2016
Cancellation option could be the fall of the Canadian dollar quotations below the level of 1.28, which could provoke a continuation of the fall. It is also important to understand that at the moment there is no clear break through the resistance of the downlink on the indicator of relative strength, which will put pressure on the pair at the beginning of the next trading absurd. The breaking of a trend line on the indicator indicates the acceleration of growth of quotations of USD CAD, however, if the Canadian dollar will not be able to do this, then in the near future we can expect the downtrend to continue.
USD CAD Forex forecast July 11, 2016 — July 15, 2016 suggests an attempt to continue its growth within the mining model triangle in shorter periods of time for the purpose at a level above 1.35.
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