The currency pair Canadian dollar against the US dollar USD/CAD continued to fall and almost completed the goal of forex pivot head and shoulders pattern.
USD/CAD FOREX forecast — June 8, 2016
We continue to keep selling the currency pair USD CAD, but at the moment has the potential to bounce up in the framework of the beginning of the mining model bovine 5-0 with a potential target above the level of 1.32. To complete the model you need to see a test of the lower boundary of the channel, where you can try to buy the pair with the tight stop.
USD/CAD FOREX forecast — June 8, 2016 involves fall to below 1.2740, where one can try to buy with tight stop, cancellation option will break through the lower boundary and the continued fall of the USD/CAD quotes.
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