The currency pair Canadian dollar against the US dollar USD CAD is still trading within the triangle model. On the last trading week, we saw attempts nailed model.
USD CAD Forex forecast for July 18, 2016 — July 22, 2016
At the beginning of the next trading week on the Forex pair USD CAD, we expect growth to attempt at 1.31, with a potential breakdown region of the upper boundary of the channel, and the development of an upward movement within the mining model triangle. However, if the test area 1.3050 and started falling, we can get a form reversal pattern that points to a potential breakdown of the area and fall in quotations 1.28 USD CAD to a level below 1.25.
USD CAD Forex forecast for July 18, 2016 — July 22, 2016 suggests an attempt to increase and the breakdown of the upper boundary of the model triangle with the potential growth of the pair of quotes in the area above the level of 1.34, but if Canadians can not penetrate the area 1.3050, we can expect a drop in prices USD CAD on the next trading week.
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