Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in line with expectations and our USD/CAD forecast. It is worth waiting for an attempt to continue the growth of quotations of the pair in the area above the level of 1.3350.
USD/CAD technical analysis & signals on June 22, 2017
In favor of the growth of USD/CAD quotes is the breakdown of the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the growth option for quotations of the Canadian Dollar will be a breakdown of the local minimum area.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting: The change in the volume of retail sales.
USD/CAD technical analysis & signals on June 22, 2017 suggests an attempt to increase to the upper boundary of the bearish channel at 1.3350, an additional signal is a breakdown of the resistance line on the indicator of relative strength index (RSI).
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