The currency pair Canadian dollar against the US dollar USD CAD continues to move in the forex bullish wave pattern Wolfe with a potential target of the higher level of 1.35. At the moment quotes are testing punched border FX model, which indicates a potential rebound and continued growth of the Canadian dollar quotations with the immediate goal at a level above the area of 1.3220.
USD CAD Forecast Canadian Dollar on February 27, 2017
In favor of quotations growth is the tight test the support line on the indicator of relative strength. We try to buy the pair with the tight stop loss.
Cancellation option continued rise of the Canadian dollar will drop and the breakdown of 1.2950 area, which point to the abolition of the model and the continued decline.
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 27, 2017 growth in the rebound from the Wolfe wave model boundary with the first target at 1.3220 above the field.
