Canadian Dollar CAD weekly forecast The pair Canadian Dollar to US Dollar USD/CAD closed the trading week near the level of 1.2270. The pair continues to move in the fall. At this point, we should expect a test of the level of 1.2150, from which we should expect a rebound and the pair’s growth above the level of 1.27.
In favor of the growth of the pair will form a reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the growth of USD/CAD quotations in the current trading week will be the fall and breakdown of the area of 1.200, which will indicate the continuation of the decline below the level of 1.1750.
Among the important news from Canada, which can have an impact on the Canadian Dollar rate, it is worth highlighting: GDP volume change.
USD/CAD weekly forecast on September 25 — 29, 2017 suggests an attempt to fall into the 1.2150 area, from which it is expected to rebound and begin to rise in the pair’s quotations near the level of 1.27, an additional signal in favor of growth is the formation of a reversal model on the indicator of relative strength index (RSI).
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