The pair Canadian Dollar to US Dollar USD/CAD continues to move in the downward channel. It is worth expecting a tight test of the upper boundary of the bearish channel and then continuing the fall below the level of 1.2450.
USD/CAD technical analysis & forecast on July 26, 2017
In favor of the fall of the pair USD/CAD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the pair’s decline will be strong growth and breakdown at 1.2590, which will indicate continued growth.
Important news from Canada is not expected, so the pair will continue to move in the technical analysis of USD/CAD.
USD/CAD technical analysis & forecast on July 26, 2017 suggests an attempt to correct the area of the upper border of the channel and continue the decline to the area below the level of 1.2450, an additional signal will be the line test on the relative strength indicator.
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