The currency pair Canadian dollar against the US dollar USD CAD re-test resistance area at 1.31. A break of this level up to the next trading week points to a continuation of the growth of quotations USD CAD with potential target above the level of 1.35.
USD CAD Forex forecast for July 25, 2016 — July 29, 2016
However, if the pair will not be able to update the region highs above 1.33 level, it could trigger a drop in prices USD CAD in the area below the level of 1.28, followed by a fall to the level of 1.25. The main option is to choose a trading idea with the search for a reversal pattern on shorter periods of time and try to sell the USD CAD from short stoploss. USD CAD
Forex forecast for July 25, 2016 — July 29, 2016 suggests an attempt to rebound from the resistance area, but a breakdown of the closing level of prices 1.33, is expected to accelerate the upward trend on the pair USD CAD.
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