The currency pair Canadian dollar against the US dollar USD CAD continues to trade in line with expectations and our USD/CAD forecast for each day.
USD/CAD forecast for today — June 1, 2016
At the moment, there is the potential for the development of the fall on the pair as part of the beginning of the descending pattern head and shoulders. We try to sell the pair USD CAD with a close stop. Increase the amount of sales we are ready breaks the level of 1.2920. Cancellation option of falling Canadian dollar will be a strong growth of quotations above the level of 1.31. USD/CAD forecast for today — June 1, 2016 involves falling of pair within the beginning of working out a reversal pattern with a potential target below the level of 1.25.
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