The currency pair Canadian dollar against the US dollar USD CAD continues to move in the forex bullish wave pattern Wolfe, currently retained potential for further growth of the pair of quotes in the area above the level of 1.3220.
USD CAD Forecast Canadian Dollar on February 16, 2017
In favor of the continued growth of quotations of the pair serves a rebound from the uptrend line on the indicator of relative strength. The immediate goal of growth of the Canadian dollar quotations of the area at a level above 1.3220.
Cancellation option of growth fall camp and the breakdown of the area with a local minimum closing quotations below 1.2950 area, that will indicate a potential continuation of falling USD/CAD currency pair.
Important news from Canada that may have an impact on the course of the currency pair is not expected, so the pair will continue to move in the USD/CAD technical analysis.
USD CAD Forecast Canadian Dollar on February 16, 2017 suggests an attempt to continue its growth in the framework of the beginning of the mining model bullish forex Wolfe waves with a potential target of growth above the level of 1.3220.
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