Currency pair US Dollar to Canadian Dollar USD/CAD continues to trade near the local minimum area. It is worth waiting for an attempt to increase the USD/CAD quotations to the area above the level of 1.3350. In favor of the growth of the pair is the formation of a reversal model «Failure swing» on the indicator of relative strength index (RSI).
USD/CAD technical analysis & signals on June 21, 2017
Cancellation of the growth option will be a fall and breakdown of the area of 1.3130, indicating that the Canadian Dollar pair will continue to fall below 1.3050. Expect to accelerate the growth of the pair is with the breakdown of the area 1.33.
Important news from Canada, which may have an impact on the USD/CAD, is not expected, so the pair will continue to move within the technical analysis of USD/CAD.
USD/CAD technical analysis & signals on June 21, 2017 suggests an attempt to increase to the area above the level of 1.3350 as part of the development of the reversal model on the indicator of relative strength index (RSI), the breakdown will be the breakdown of the local minimum area.
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