The currency pair Canadian dollar against the US dollar USD CAD continues to move in the reversal attempt. In favor of the version of the beginning of growth of quotations serves breakdown of the trend line on the indicator of relative strength, as well as the Canadian yield quotations outside the upper limit of the downward channel.
USD/CAD Canadian Dollar Forecast on January 12, 2017
Cancellation option will drop in prices below the level 1.3160, which will point to the continued decline in the area below the level of 1.3050. We try to buy the pair USD/CAD with a close stop.
Among the important news from Canada that may have an impact on the course of the currency pair USD CAD, stands out, the price index for housing in the primary market.
USD/CAD Canadian Dollar Forecast on January 12, 2017 suggests an attempt to increase to above 1.33 levels within the framework of working off of a broken trend line on the indicator of relative strength.
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