Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an upward correction. It is worth waiting for an attempt to continue the growth of the pair in the area of 1.23. In favor of the growth of quotations of the Canadian Dollar is a rebound from the line of the uptrend on the indicator of relative strength index (RSI).
USD/CAD forecast Canadian Dollar on September 14, 2017
The cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2030, which will indicate 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 14, 2017 suggests an attempt to increase to an area above the 1.23 level within the rebound from the support line on the relative strength indicator (RSI), the breakdown of the growth option will be a breakout of the area of 1.2030.