The currency pair USD/CAD US Dollar to Canadian Dollar continues to move within the upward trend and at the moment there is still potential for continuing growth in the area above the 1.3750 level. In favor of the growth of the quotations of the pair, a tight test of the support line will appear on the indicator of relative strength.
Forex Analytics and USD/CAD forecast on May 12, 2017
It is worth to expect the test area 1.3650 and the continuation of the growth of quotations USD/CAD, in case of breakdown of the area 1.3650, we should expect another attempt to rebound from 1.3580 area within the beginning of the development of the bull forex model of the Wolf wave. Expect the acceleration of USD/CAD quotes growth with the breakdown of the downward trend line on the indicator of relative strength.
Important news from Canada, which may have an impact on the USD/CAD, is not expected, so the pair will continue to move within the technical analysis of USD/CAD.
Forex Analytics and USD/CAD forecast on May 12, 2017 suggest an attempt to continue growth in the area above the level of 1.3750 within the rebound from the support line on the indicator of relative strength, the drop will be a break and the breakdown of the 1.3520 area.
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