The currency pair Canadian dollar against the US dollar USD CAD continues to move in the forex bullish wave pattern Wolfe and is currently retained the capacity to rebound and start the growth of the pair to above the level of 1.35.
Forecast Canadian Dollar (USD/CAD) on February 7, 2017
We try to buy the pair with the tight stop below the local minimum. In favor of the growth option will make the breakdown descending resistance line on the indicator of relative strength. As the growth we are ready to increase the volume of purchases. Expect faster growth is a breakdown of the level of 1.31.
Among the important news from Canada that may have an impact on the rate of the pair USD/CAD, we should mention, balance of foreign trade balance, as well as the change in the volume of building permits issued.
Forecast Canadian Dollar (USD/CAD) on February 7, 2017 suggests an attempt to increase within the start mining bullish forex wave pattern Wolfe with a potential target of growth above the level of 1.35.
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