The currency pair US Dollar to Canadian Dollar USD/CAD continues to move near the area of 1.2420. It is worth waiting for the test of the support level 1.2400 and the growth of quotations in the area above the level of 1.2680.
USD/CAD forecast & technical analysis on September 5, 2017
In favor of the growth of quotations of the Canadian Dollar will perform a 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 1.23, which will indicate the continuation of the pair’s decline with the potential target below the level of 1.2250.
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 5, 2017 suggests a rebound from the level of support and the continued growth of the pair with a potential target at 1.2680, an additional signal in favor of the growth of quotations will test the trend line on the indicator of relative strength index (RSI).
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