The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the limits of the decline. At the moment, we should expect a correction attempt in the area of 1.27, where again we should expect the pair to continue falling into the area below the level of 1.2550.
USD/CAD forecast & technical analysis on July 18, 2017
In favor of falling quotes of the Canadian Dollar, a trend line test will be performed on the indicator of relative strength. The abolition of the reduction option will be strong growth and breakdown at the level of 1.2770, which will indicate continued growth.
Important news from Canada is not expected, so the pair will continue to move in the technical analysis of USD/CAD.
USD/CAD forecast & technical analysis on July 18, 2017 suggests an attempt to correct and continue the decline of the pair below the level of 1.2550, an additional signal will test the trend line on the indicator of relative strength index (RSI).
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