The currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the downward channel. At the moment, the potential for falling to the area below the level of 1.2250 remains. In favor of the fall of the pair is the test of the trend line on the indicator of relative strength index (RSI).
USD/CAD forecast & technical analysis on August 3, 2017
The abolition of the reduction option will be the breakdown of the area of 1.2640, which will indicate the continued growth of the pair.
Important news from Canada is not expected, so the pair will continue to move in the technical analysis USD/CAD.
USD/CAD forecast & technical analysis on August 3, 2017 suggests a rebound from the upper boundary of the channel for a fall near the 1.2250 area, an additional signal is the resistance line test on the relative strength indicator, the breakdown will be the breakdown of the area of 1.2650.
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