Technical analysis of USD/CAD 03/27/2018

USD/CAD currency pair develops its growth within the ascending channel on a 4H timeframe. At this point the price rebounded from the support level of 1.3370 (MA100), what giving grounds to expect the growth of quotes above 1.3470 to 1.3600.
In favor of the growth of quotes of the Canadian Dollar will be the test of the support area on the RSI indicator. Cancellation of USD/CAD growth will be a strong fall and the breakdown of the level of 1.3300. This will indicate the breakdown of the lower boundary of the channel and a continued quotes decline.


Created by Joshua Hayn

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