The currency pair Canadian dollar against the US dollar USD CAD continues to test the 1.35 area. At the moment, saved the potential to continue to grow a pair of quotes in the area above the 1.37 level within the mining bovine FX 1:1 model.
Technical Analysis USD CAD and forecast on November 25, 2016
Cancellation option will be the growth of a drop in prices, the Canadian dollar pair below 1.3360, it will point to the continued decline in the area below the level of 1.3250. Also do not forget about the formation of the bullish wave pattern Wolfe, which also points to a continuation of an upward trend. We continue to hold long positions in the pair and are ready to increase the volume of purchases by the development of an upward trend.
Technical Analysis USD CAD and forecast on November 25, 2016 suggests an attempt to continue its growth as part of completion of work bullish forex model 1: 1 in order to rise above the level of 1.37, the cancellation will be the breakdown of the channel’s lower border.