USD/CAD technical analysis and forecast on April 1

The currency pair USD/CAD continues to fall, but now the value of the relative strength indicator again found the support, which indicates a potential rebound from current levels and growth of Canadian quotations in the area above the level of 1.3240. After the price breaks the level, a double bottom forex reversal pattern will be formed, which also points to continued growth of quotations USD/CAD even higher. Cancellation option can be a continuation of the fall of the Canadian dollar against the US dollar below the local minimum area and breakouts on the indicator RSI.

 

 

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply