USD/CAD weekly forecast April 9 — 13, 2018


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The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2763. At the moment, we should expect an attempt to test the lower border of the channel near the area of ​​1.2720 and continue the growth of quotations for a target above the level of 1.3250, within the beginning of the development of the bullish model «5-0».

USD/CAD weekly forecast April 9 — 13, 2018

In favor of the growth of the pair, an uptrend line test will be performed on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of USD/CAD quotes in the current trading week will be the fall and breakdown of the area of ​​1.2650, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall into the area below the level of 1.2350.

USD/CAD weekly forecast April 9 — 13, 2018

USD/CAD weekly forecast April 9 — 13, 2018 suggests an attempt to test the lower border of the channel near the level of 1.2720 and continue growth with a target above 1.3250, an additional signal in favor of growth will be a trend line test on the indicator of relative strength index (RSI).

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