The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the limits of the decline. At the moment, the values of the relative strength indicator are testing the support area, we should expect a rebound and growth of the pair’s quotes above the level of 1.26.
USD/CAD forecast Canadian Dollar on July 28, 2017
Cancellation of the variant of development of the bullish correction will be a fall and breakdown at the level of 1.24, which will indicate the acceleration of the fall of the pair.
Among the important news from Canada, which can have a strong impact on the Canadian Dollar rate, it is worth highlighting: GDP volume change.
USD/CAD forecast Canadian Dollar on July 28, 2017 suggests a correction attempt to the area above the level of 1.26 as part of the rebound of the relative strength indicator from the support line, the breakdown will be a breakdown of the level of 1.24.
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