Technical analysis of USD/CAD 01/25/2018
The USD/CAD currency pair continues corrective movement in the ascending channel. At the moment, we should expect an attempt to test the support level in the area of 1.3295, after which the growth will continue with the goal of 1.3420 (50% Fibo).
Breakdown of the downward trend line on the RSI indicator will favor the growth of the Canadian Dollar quotes. Cancellation of the growth option quotes will fall below 1.3220 area. This will indicate a breakdown of the lower boundary of the ascending channel.
Created by Joshua Hayn