Currency pair Canadian Dollar to US Dollar USD/CAD continues to move in the bearish channel. We should expect an attempt to rebound from the lower border of the channel and continue the growth of the pair USD/CAD in the area above the level of 1.3090.
USD/CAD Forecast Canadian Dollar on July 4, 2017
In favor of growth, the support area test comes on the indicator of relative strength index (RSI). Cancellation will be a variant of the growth of the Canadian Dollar to US Dollar will fall and breakdown of the area of 1.2930, indicating that the development of the fall of the pair.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, there are: PMI index for the production sector (adjusted for seasonality) from the RBC.
USD/CAD Forecast Canadian Dollar on July 4, 2017 involves an attempt to attempt correction in the area above the level of 1.3090, an additional signal is a test of the support line on the indicator of relative strength index (RSI).
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