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 the higher level of 1.35.
Currently quotes continue to decline due to the rebound of the descending trend line on the indicator of relative strength.
Forecast USD/CAD (Canadian Dollar) on February 10, 2017
We continue to hold a pair buy and try new deal in favor of shopping with a close stop. Expect faster growth of quotations is a breakdown of the 1.3220 area, which points to the quotes going beyond forex Wolfe wave model. Cancellation option will drop in prices pair below 1.2950.
Among the important news from Canada that may have an impact on the rate of USD/CAD is to provide, Unemployment Rate, Employment Change, Part-time.
Forecast USD/CAD (Canadian Dollar) on February 10, 2017 involves an attempt to continue growth within the mining bullish forex model Wolfe waves with a potential target of growth above the level of 1.35.
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