Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of strong growth. At this point, we should expect an attempt to test the bottom of the uplink near the level of 1.2790 and continue the growth of the pair in the area above the level of 1.3070. In support of the growth of the Canadian Dollar quotes, a support line test will be performed on the relative strength index (RSI), as well as a test of the support area.
USD/CAD forecast & technical analysis March 7, 2018
The cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2720, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall into the area below 1.2720. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of quotations above the level of 1.3020.
USD/CAD forecast & technical analysis March 7, 2018 suggests a test of the support level near 1.2790 and the continuation of growth in the area above 1.3070, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the cancellation of the Canadian Dollar growth option will be a breakdown the level of 1.2720.
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