Technical analysis of USD/CAD 01/30/2018
The USD/CAD currency pair continues to descend. At the moment, we should expect an attempt to reduce and test the lower limit of the channels near the 1.3140 area.
In favor of reducing the quotes of the Canadian Dollar will test the area of resistance on the RSI indicator. Cancellation of the option to reduce USD/CAD will be a strong growth and a breakdown of the 1.3300 area. This will indicate a breakdown of the upper boundary of the channel and the continuation of the growth of quotations.
Among the important news from Canada, which may have an impact on the course of the pair USD/CAD, it is worth highlighting: Changes in the volume of GDP.
Created by Joshua Hayn