The currency pair Canadian dollar against the US dollar USD CAD continues to move in the bovine model shark preserved potential for a slight decline to below the level of 1.3090, where we can expect the beginning of the upward correction. In favor of the beginning of the growth model will perform sample Wedge on the indicator of relative strength.
USD CAD Forecast Canadian Dollar on December 14, 2016
Potential purpose of the Canadian dollar growth of quotations in the framework of completion of work on Shark pattern is the area above the level of 1.33. Cancellation option will drop in prices pair below 1.3050, it will point to a continuation of the downward trend for the pair USD CAD. Important news from Canada tomorrow is not expected, there are also all the market’s attention will be directed to the FOMC decision on interest rates in the United States.
USD CAD Forecast Canadian Dollar on December 14, 2016 involves an attempt to complete the forex model Shark and the onset of an upward trend in its mining.
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