Technical analysis of USD/CAD 01/22/2018

The USD/CAD currency pair continues to move in the ascending channel. At the moment, we can expect continued growth in the pair to the level of 1.3365 (38.2% Fibo + MA100).
An uptrend on the RSI indicator is in favor of the Canadian Dollar price growth. As well as breaking through the resistance level of 1.3295 (23.6% Fibo). A fall below the 1.3230 area will cancel the growth option. This will indicate a breakdown of the lower boundary of the ascending channel and a continuation of the decline.


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