The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the limits of the decline. It is worth to expect an attempt to correct the quotations in the area above the level of 1.2750, where again we should expect the pair to continue falling below 1.2580.
USD/CAD forecast & technical analysis on July 17, 2017
In favor of falling quotations of the Canadian Dollar will perform a tight test of the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall option will be a strong growth and breakdown at the level of 1.2780, which will indicate the continued growth of the pair.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting: The volume of transactions with foreign securities.
USD/CAD forecast & technical analysis on July 17, 2017 suggests a correction attempt to the upper border of the downlink at 1.2750, where it is expected to continue falling below the level of 1.2580, the breakdown will enter breakdown at the level of 1.2780.
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