Technical analysis of USD/CAD 10/25/2018

USD/CAD currency pair continues to move within the ascending channel on the 4H time frame. At this point, one should expect the continued growth of the currency pair above the level of 1.3170.

In favor of the quotes growth of the Canadian Dollar will be the test of the trend line on the RSI indicator. Cancellation of the growth of the pair will be the fall and the breakdown of the area of 1.2960, what will indicate the breakdown of the support area and the continued quotes decline.


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