The currency pair Canadian Dollar to US dollar USD/CAD continues to move as part of the development of the reversal forex model Head and shoulders with a potential growth target near the area of 1.3450. At the moment, the quotes of the pair have broken through the Neck line, which indicates the acceleration of USD/CAD quotations.
USD/CAD Forecast Canadian Dollar on April 19, 2017
To expect a rebound is at the moment of the downlink resistance test on the relative strength indicator, with the breakdown of the upper boundary of the downward channel it is expected to continue the growth of quotations of the pair. The cancellation of the USD/CAD growth option will be the fall and breakdown of the area of 1.3240.
Important news from Canada, which may have an impact on the USD/CAD rate, is not expected, so the pair will continue to move within the technical analysis of USD/CAD.
USD/CAD Forecast Canadian Dollar on April 19, 2017 suggests an attempt to continue growth as part of the development of the reversal Forex model with the potential growth target above the 1.3450 area, the breakdown will be a breakdown of the level of formation of the right shoulder of the model.
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