The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2472. The pair continues to move within the bearish channel. At this point, we should expect a test of the level 1.2420 and the beginning of correction to the region of the upper border of the channel near the area of 1.2750.
USD CAD weekly forecast on August 28 — September 1, 2017
In favor of the growth of the pair is the formation of a model the failure swing on the indicator of relative strength index (RSI). The cancellation of the growth of USD/CAD quotations will be the fall and breakdown of the area of 1.22, which will indicate the continued decline of the pair.
Among the important news from Canada, which may have an impact on the Canadian Dollar rate, it is worth highlighting: GDP volume change.
USD CAD weekly forecast on August 28 — September 1, 2017 suggests an attempt to continue correction in the area above the level of 1.2750, the cancellation of the growth option will break through the level of 1.22.
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