Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an bullish correction. It is worth waiting for an attempt to test the upper boundary of the channel and continue the decline of the pair. In favor of falling quotations of the Canadian Dollar will perform a test of the resistance line on the indicator of relative strength index (RSI).
USD/CAD prediction & technical analysis on September 27, 2017
The cancellation of the USD/CAD fall on the Forex market will be a strong growth and breakdown of the area of 1.2460, which will indicate that the pair continues to grow above the level of 1.2550. Expect the acceleration of the fall of the Canadian Dollar is with the breakdown of the level of 1.2320.
Among the important news from Canada, which can influence the rate of the pair USD/CAD, it is worth highlighting: Speech by the head of the Bank of Canada.
USD/CAD prediction & technical analysis on September 27, 2017 involves an attempt to test the upper limit and continue the decline with the target near the area of 1.2190, an additional signal will test the trendline on the indicator of relative strength index (RSI), the cancellation of the fall version will be a strong rise above the level of 1.2460.
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