USD / CAD continues to move within the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2354. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the price pair in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.2395 area. Further, the rebound and the continuation of the fall of the currency pair on Forex. The potential target of such a movement of the instrument is the area below the level of 1.2135.
Have a nice trade!
Have a nice trade!