TradingAlchemist

USDCAD❗Sidewayse range⚡

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD / CAD forecast suggests an attempt to test the resistance area near the level of 1.2445. Further, the continuation of the fall to the area below the level of 1.2265. An additional signal in favor of a decline in the Canadian Dollar on Forex will be a test of the trend line on the relative strength index ( RSI ). Cancellation of the option to drop USD / CAD quotes will be a strong growth and a breakdown of the level of 1.2645. This will indicate a continued rise in the value of the asset with a potential target above the level of 1.2865.

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