Currency pair US Dollar to Canadian Dollar USD/CAD pair closes the trading week near the level of 1.3268. We should expect an attempt to tightly test the border of the bullish 5-0 model and continue the growth of the pair with a potential growth target above 1.36.
USD/CAD weekly forecast on June 26 — 30, 2017
In favor of the growth of USD/CAD is the formation of a reversal model «Failure swing» on the indicator of relative strength index (RSI). The cancellation of the growth of the Canadian Dollar quotations will result in a fall and breakdown of the 1.31 area, which will indicate that the quotes will continue to decline. Expect to accelerate the growth of the pair is with the breakdown of the upper boundary of the descending channel.
Important news from Canada, which may have an impact on the Canadian Dollar against the US Dollar, is not expected, so the pair will continue to move in the technical analysis of USD/CAD.
USD/CAD weekly forecast on June 26 — 30, 2017 suggests an attempt to test the lower boundary of the bullish pattern 5-0 and the continued growth of the pair’s quotations to the area above 1.35, in favor of growth is the formation of the bullish Wolfe wave on the indicator of relative strength index (RSI).
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