The currency pair Canadian dollar against the US dollar USD/CAD broke through the descending resistance line and the continued upward movement.
USD CAD forex forecast — June 17, 2016
At the moment, is expected to continue growth within the Canadian mining bovine model 5-0 with a potential target of growth above the level of 1.32. Cancellation option will be the growth of a drop in prices USD CAD below the level of the channel, which will lead to a drop further down to below 1.25. An additional signal in favor of the growth is the break of the trend line on the indicator of relative strength.
USD CAD forex forecast — June 17, 2016 assumes continued growth within the mining bovine model 5-0.
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