The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an bullish correction. At the moment, we should expect an attempt to drop the pair in the region of the lower boundary of the bullish channel near the level of 1.2700.
USD/CAD forecast & technical analysis on August 17, 2017
Whence again it is necessary to expect the continuation of the growth of the pair USD/CAD above the level of 1.2850. In favor of the rebound and the growth of quotations of the pair is the test of the support line on the indicator of relative strength index (RSI). The cancellation of the USD/CAD growth option will be the breakdown of the area of 1.2650, which indicates that the pair will continue to fall into the 1.2420 area.
Important news from Canada, which may have an impact on the USD/CAD, is not expected, so the pair will continue to move within the technical analysis USD/CAD.
USD/CAD forecast & technical analysis on August 17, 2017 suggests an attempt to test the lower border of the channel near the area of 1.2680, where again we should expect the USD/CAD pair to continue growing above the level of 1.2850.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
