The currency pair Canadian dollar against the US dollar USD CAD continues to trade at the level of the right shoulder forex head and shoulders pattern.
USD/CAD Forex Forecast — June 2, 2016
We continue to hold the sale of USD CAD with a close stop. Cancellation option of falling of pair of quotes in the region at a level below 1.25 will increase USD/CAD above the level of 1.31. Increase sales of new Canadian worth the price break the level of 1.29. Cancellation option will be the fall of the strong growth of the Canadian dollar quotations above the level of 1.3190. USD/CAD Forex Forecast — June 2, 2016 assumes depreciation usd cad within mining forex reversal patterns.
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