USD/CAD weekly forecast & analysis October 22 — 26, 2018

 

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3039. The pair continues to move within the bullish channel. At the moment, we should expect an attempt to test the support level near the 1.2920 area and continue the growth of quotations with the goal above the level of 1.3380

A strong fall and a breakdown of the 1.2700 area, which will indicate a breakdown of the lower boundary of the channel and the continuation of the fall to the area below the level of 1.2550. Confirmation of the growth of the pair will be the breakdown of the upper boundary of the downward channel and closing above the level of 1.3095.