Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an bullish correction. At this point, we should expect an attempt to test the level of 1.2520 and continue the growth of the pair with a target at 1.2705. In favor of the growth of quotations of the Canadian Dollar will perform a test of the support area on the indicator of relative strength index (RSI).
USD/CAD prediction & technical analysis on October 10, 2017
The cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2480, which will indicate the continuation of the pair’s decline below the level of 1.2350. Expect to accelerate the growth of the Canadian Dollar is with the breakdown of the level of 1.2605.
Important news from Canada, which may affect the rate of the pair USD/CAD, is not expected, so the pair will continue to move in the technical analysis.
USD/CAD prediction & technical analysis on October 10, 2017 suggests an attempt to drop the pair to the lower channel boundary area, from which it is expected to continue growth with the target above 1.2705, the cancellation of the Canadian Dollar growth variant will be a fall and breakdown at 1.2480 level.