The currency pair Canadian dollar against the US dollar USD CAD is still trading within the triangle model. We did not see the continued growth of Canadian, currently quotations currency pair USD CAD is testing the upper boundary of the model that still assumes continued growth in the region above the level of 1.32.
USD/CAD Canadian Dollar Forecast on July 14, 2016
Cancellation option will drop the pair quotes the US dollar to the Canadian dollar below the level of 1.28, which points to a continuation of the fall to below 1.25. An additional signal for continued growth in USD CAD will break through the upper boundary of the triangle pattern on the indicator of relative strength.
USD/CAD Canadian Dollar Forecast on July 14, 2016 to try presupposes 7.14.2016 continued growth in the region above the 1.32 level within the framework of completion of work on the model triangle.
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