The currency pair Canadian dollar against the US dollar USD/CAD showed a fall and was able to work out the reversal forex head and shoulders pattern.
USD CAD forex forecast June 13, 2016 — June 17, 2016
At the moment, there is potential for growth in the beginning of the rebound from the rising support line on the indicator of relative strength. Cancellation option can be a break of 1.2650, in which case we can expect continuation of falling of quotations of the Canadian dollar down to below 1.22. An additional signal acts forming bullish patterns 5-0 with a potential target for the Canadian dollar rises above the level of 1.32. We have aggressive trying to buy the pair with the tight stop.
USD CAD forex forecast June 13, 2016 — June 17, 2016 suggests an attempt to rebound and growth of quotations USD CAD as part of the test the support line on the indicator RSI.
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