The currency pair Canadian dollar against the US dollar USD CAD continues to move in the forex bullish wave pattern Wolfe with a potential target of growth and refinement at the level of the area above 1.35. In favor of a test of growth comes a rising support line on the indicator of relative strength.
Forecast Canadian Dollar (USD/CAD) on February 3, 2017
Cancellation option quotes growth of the Canadian dollar will fall and breakdown of 1.2950 areas, which point to a continuation of the fall to below 1.2880. Expect faster growth of quotations pair USD/CAD is a breakdown of the level of 1.31.
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 3, 2017 assumes attempt to rebound in the framework of start mining bullish forex wave pattern Wolfe with a potential target growth above the level of 1.38, the cancellation will be the breakdown of the area low and closing quotes below 1.2950.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
