The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the upward correction. It is worth waiting for an attempt to test the level of support and growth of quotations in the area above the level of 1.2740.
USD/CAD forecast & technical analysis on September 1, 2017
In favor of the growth of quotations of the Canadian Dollar is the test of the support line on the indicator of relative strength index (RSI). The cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2520, which will indicate the continued decline of the pair with a potential target below the level of 1.2450.
Important news from Canada, which may influence the exchange rate of the Canadian Dollar pair, is not expected therefore the pair will continue to move within the technical analysis USD/CAD.
USD/CAD forecast & technical analysis on September 1, 2017 suggests a rebound from the level of support and the continued growth of the pair with a potential target at 1.2740, an additional signal in favor of the growth of quotes is the trend line test on the indicator of relative strength index (RSI).
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