Currency pair US Dollar to Canadian Dollar USD/CAD continues to trade near the lower boundary of the bullish model 5-0. It is worth to expect an attempt to rebound and the growth of quotations of the pair USD/CAD in the area above the level of 1.3350.
USD/CAD technical analysis & signals on June 20, 2017
In favor of growth of quotations of the pair is the formation of the reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the growth of the Canadian Dollar pair quotes will result in the fall and breakdown of the 1.3130 area, which will indicate the continuation of the decline.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, is: The change in the volume of wholesale trade, is expected to decline from 0.9% to 0.5%.
USD/CAD technical analysis & signals on June 20, 2017 suggests an attempt to increase the quotations in the area above the level of 1.3350, an additional signal is the formation of a reversal model on the indicator of relative strength index, the breakdown will be the breakdown of the area 1.3130.
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