The currency pair Canadian dollar against the US dollar USD CAD continues to test the region close lower boundary Wolfe waves. We should expect the attempt to increase from current levels in the area above the level of 1.3650. Cancellation option will drop in the Canadian dollar quotations below 1.32.
Technical analysis USD CAD on December 8, 2016
Additional forex signal in favor of the strong growth will sample the descending trend line on the indicator of relative strength that point to the imminent breakdown of the area 1.35. We continue to keep buying the pair with the tight stop and willing to try new deal with the breakdown level of 1.3370. Among the important events that may have an impact on the Canadian dollar tomorrow, December 8, 2016 stands out, change in the volume of building permits issued, the past value was at the level of -7.0%, the price index for housing in the primary market.
Technical analysis USD CAD on December 8, 2016 involves an attempt to increase pair of quotes within the mining bullish wave pattern Wolfe with a potential target of the growth is the area at the level of 1.3650, the cancellation will be the breakdown of the area 1.32.
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