Currency pair US Dollar to Canadian Dollar USD/CAD closes the trading week near the level of 13250. It is worth waiting for an attempt to test the lower limit of the ascending channel of the bullish pattern «5-0», and continuing the pair’s growth into the area above 1.37 level.
USD/CAD weekly forecast June 19 — 23, 2017
In favor of the growth of quotations of the Canadian Dollar to US Dollar USD/CAD is the test of the support area on the indicator of relative strength index. The abolition of the growth option will be the fall and breakdown of the 1.3150 area, which will indicate the cancellation of the forex pattern «5-0» and the continued decline in the pair’s quotations.
Among the important news from Canada, which may have an impact on the currency pair USD/CAD rate for the next trading week, there are:
June 23, 2017, Consumer Price Index, Basic Consumer Price Index.
USD/CAD weekly forecast June 19 — 23, 2017 suggests a rebound attempt from the bottom border of the bullish pattern «5-0» and the continuation of growth in the area above the level of 1.37, an additional signal is a support test on the initiator of relative strength index, the breakdown will be the breakdown of the 1.3150 area.
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