The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2709. The pair continues to move within the bearish channel. At the moment, we should expect an attempt to grow into the area above the level of 1.2750 and continue the decline with a target below 1.2240.
USD/CAD forecast on November 27 — December 1, 2017
In favor of continuing the fall of the pair is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the continuation of the USD/CAD decline in the current trading week will be strong growth and breakdown of the region of 1.3060, which will indicate the continued growth of the Canadian Dollar and the cancellation of the downward model.
USD/CAD forecast on November 27 — December 1, 2017 assumes a test of the level of 1.2750 and the continuation of the fall below 1.2240, an additional signal in favor of the decline is the formation of the bearish model «5-0», the abolition of the fall option will be the breakdown of the area 1.3060, which will indicate the continued growth.
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