The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within a strong fall. At the moment, the pair quotes are testing the area of 1.2870. It is worth waiting for an attempt to test the lower boundary of the bullish wave model of Wolfe, where again we should expect a rebound and growth of the pair’s quotations in the area above the level of 1.3100.
USD/CAD forecast Canadian Dollar on July 10, 2017
In favor of the development of the correction of the USD/CAD pair is the test of the support area on the initiator of relative strength index (RS). The cancellation of the growth option will be the fall and breakdown of the area of 1.28, which will indicate the acceleration of the fall of the pair.
Important news from Canada is not expected, so the pair will continue to move in the technical analysis of USD/CAD.
USD/CAD forecast Canadian Dollar on July 10, 2017 suggests a rebound from the support line and the beginning of growth in the area above the level of 1.31, an additional signal will be a rebound from the support area on the indicator of relative strength index (RSI), the cancellation will be breakdown at the level of 1.28.
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