USD/CAD Technical Analysis 03/09/18

USD/CAD currency pair continues to move within the ascending channel. At this point, one should expect an attempt to rebound from the bottom of the ascending channel near the level of 1.2860 and continue to grow in the area above 1.30. In favor of the Canadian Dollar’s quotes growth will be a test of the support line on the indicator RSI.

The cancellation of USD/CAD growth will be a fall and a breakdown at the level of 1.28, which will indicate the breakdown of the lower boundary of the ascending channel and the continuation of the fall into the 1.2760.

Among the important news from Canada, which may affect the rate of USD/CAD pair, it is worth highlighting: Unemployment rate, Change in the number of employed.

USDCAD_STPH4

Created by Joshua Hayn

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