The currency pair Canadian dollar against the US dollar USD CAD continues to move in the beginning of the mining model bullish forex Wolfe waves with a potential target of growth above the level of 1.35.
At the moment, saved the potential for yet another test the lower boundary of the model from which we can expect a continuation of the rebound and USD/CAD quotes growth.
Forecast Canadian Dollar (USD/CAD) on February 2, 2017
In favor of the rebound will perform the test the support line on the indicator of relative strength. Cancellation option of the Canadian dollar will be a breakdown of the growth of quotations 1.2950 area, which point to continued decline in prices. We try aggressive buying the pair with the tight stop.
Important news from Canada is not expected, so the pair will continue to move in the USD/CAD technical analysis.
Forecast Canadian Dollar (USD/CAD) on February 2, 2017 suggests an attempt to increase within the mining start rising pattern Wolfe waves with the potential aim of improving on the level above 1.35 areas.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
