The currency pair Canadian dollar against the US dollar USD CAD continues to move in the mining model bullish forex Wolfe waves with a potential target of growth above the level of 1.35. In favor of the continued growth of quotations of USD/CAD testing the rising trend line on the indicator of relative strength.
Forex Forecast USD/CAD (Canadian Dollar) on February 14, 2017
We continue to keep buying with a close stop and try to build up long positions. The immediate goal of growth is the area at the level of 1.33.
Cancellation option of continued growth of the Canadian dollar quotations will fall and breakdown of 1.2950 area, which indicates the potential change of the trend in favor of fall.
Important news from Canada is not expected, so the pair will continue to move in the USD/CAD technical analysis.
Forex Forecast USD/CAD (Canadian Dollar) on February 14, 2017 assumes try simple as a continuation of the rising forex mining model Wolfe waves with a potential target of growth above the level of 1.35.
