The currency pair Canadian dollar against the US dollar USD CAD continues to trade within a descending forex model 1: 1 with a view to working out at a level below the area of 1.2750.
USD CAD Forecast Canadian Dollar on August 26, 2016
Cancellation option drop in prices USD CAD will be a strong growth and a break above the 1.2980 area, which point to the continued growth of the Canadian dollar. An additional signal in favor of the drop in prices USD CAD stands the test downward trend line on the indicator of relative strength, as well as the completion of the formation of a bearish pattern Wolfe waves.
USD CAD Forecast Canadian Dollar on August 26, 2016 assumes the test the upper boundary of the channel and the continued fall of quotations USD CAD in the area at the level of 1.2840.