Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the 1:1 bullish pattern. It is worth waiting for an attempt to test the lower boundary of the channel and continue the growth in the area above the level of 1.36.
USD/CAD technical analysis & news on June 9, 2017
In favor of the growth of quotations of the pair USD/CAD will break the trend line on the indicator of relative strength index (RSI). Cancellation of the variant growth of the pair will fall and breakdown of the area of 1.3380, indicating that the decline in quotations of the pair continues.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, there are: Unemployment rate, Change in the number of employed.
USD/CAD technical analysis & news on June 9, 2017 suggests an attempt to continue growth in the area above the 1.36 level within the rebound from the lower border of the rising channel, to expect the acceleration of growth is with the breakdown of the resistance line on the indicator of relative strength index (RSI).
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