The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the bullish channel. At this point, we should expect an attempt to drop the pair in the lower boundary area near the level of 1.2680. Whence again it is necessary to expect the continuation of the growth of the pair USD/CAD above the level of 1.2850.
USD/CAD forecast & technical analysis on August 15, 2017
The cancellation of the variant of growth will be the breakdown of the area of 1.2600, which will indicate the continuation of the pair’s decline into the area of 1.2420. Expect to accelerate the growth of the pair Canadian Dollar Forex is worth a breakdown of the level of 1.29.
Important news from Canada, which may have an impact on the USD/CAD rate, is not expected, so the pair will continue to move within the technical analysis of USD/CAD.
USD/CAD forecast & technical analysis on August 15, 2017 suggests an attempt to fall to the lower border of the channel near the 1.2680 area, where again we should expect the USD/CAD pair to continue above the level of 1.2850.
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