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.
Couple showing a decrease in the rebound from the resistance line on the indicator of relative strength, is expected to try to drop the Canadian dollar quotes to 1.31, where again we can expect a rebound and the beginning of growth of quotations of the pair.
Forex USD CAD Canadian Dollar forecast on February 9, 2017
Cancellation option will drop and the breakdown of the area of a local minimum. We continue to hold a deal to buy Canadian dollars and are prepared to try new deal after a minor correction.
Among the important news from Canada that may have an impact on the rate of USD/CAD is to provide, the price index for housing in the primary market.
Forex USD CAD Canadian Dollar forecast on February 9, 2017 suggests an attempt to fall below the level of 1.31 in the rebound from the resistance line on the indicator of relative strength, where once again we can expect continued growth with a potential target higher than 1.35.
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