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.
