The currency pair Canadian dollar against the US dollar USD CAD continues to move in the forex Wedge pattern and bullish wave pattern Wolfe.
At the moment, saved the potential for rebound and continued growth of quotations couples in the area above the level of 1.32, and the next target area at a level above 1.33.
USD CAD forecast Canadian Dollar on February 21, 2017
In favor of accelerating the growth of quotations of the pair USD/CAD will perform the breakdown resistance line on the indicator of relative strength. Cancellation option to continue the growth of the Canadian dollar will drop and the breakdown of the area of a local minimum.
Among the important news from Canada that may have a strong influence on the Canadian dollar, we should mention, by the Deputy head of the Bank of Canada to speak.
USD CAD forecast Canadian Dollar on February 21, 2017 suggests an attempt to continue growth within the mining start forex Wedge pattern with the immediate goal at the level of the area near 1.32.
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