The currency pair Canadian dollar against the US dollar USD/CAD continues to trade within the framework of the formation of inverted head and shoulders pattern.
USD CAD forex forecast — June 22, 2016
We should expect the fall of Canadian quotations attempt to level 1.2750, where one can try to buy the USD CAD and costs to expect the beginning of growth in the area above the level of 1.34. Cancellation option of forming an inverted head and shoulders pattern will fall in the Canadian dollar quotations below the level of 1.26, which will continue to fall below the level of 1.23. Increase the amount of purchases is only after the price breaks the level of 1.3020. An additional signal in favor of the growth is the test of the uptrend line on the indicator of relative strength.
USD CAD forex forecast — June 22, 2016 suggests an attempt USD/CAD quotes growth within start mining bullish head and shoulders pattern with a view above the level of 1.34.
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