Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the fall. It is worth to expect an attempt to grow the pair in the area of 1.23. In favor of the growth of quotations of the Canadian Dollar will form the reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI).
USD/CAD forecast Canadian Dollar on September 13, 2017
The cancellation of the USD/CAD fall in the Forex market will be the fall and breakdown of the area of 1.2030, which indicates that the pair will continue to decline with the potential target below the level of 1.1950.
Important news from Canada, which may affect the exchange rate of the Canadian Dollar pair, is not expected therefore the pair will continue to move in the technical analysis USD/CAD.
USD/CAD forecast Canadian Dollar on September 13, 2017 suggests an attempt to increase to an area above the level of 1.23 as part of the development of the reversal model on the relative strength indicator (RSI), the breakdown of the breakout area of 1.2030 will occur, in which case it is expected to continue the development of a bearish trend in the pair.
