The currency pair Canadian dollar against the US dollar USD CAD fell below the bullish wave pattern Wolfe. However, the potential for further growth and testing of the model is saved. We hold the transaction for the benefit of buying the pair with the tight stop.
Forecast Canadian Dollar USD CAD on December 7, 2016
If you continue to fall and the breakdown of the area below the level of 1.32, is expected to try to continue the downward trend of the pair. Acceleration of growth of the Canadian dollar quotations is expected to breakdown resistance levels above 1.33 area. Among the important events that may have an impact on the Canadian dollar tomorrow, December 7, 2016 stands out, the Bank of Canada decision on the basic interest rate.
Forecast Canadian Dollar USD CAD on December 7, 2016 assumes growth in an attempt to start mining within the bullish wave pattern Wolfe with a potential target price growth of the pair above the level of 1.3650.
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