The currency pair Canadian dollar against the US dollar USD CAD continues to move in the mining bullish wave pattern Wolfe, and has the potential to continue to grow in the area above the level of 1.36.
Currently the pair is testing the resistance area is dense and we can expect a small correction of USD/CAD quotes, with the breakout of 1.34 area with a high probability the pair will accelerate the growth of development.
USD CAD Forecast Canadian Dollar on March 3, 2017
In favor of a continuation of growth of the push-test the broken trend line on the indicator of relative strength. We continue to keep buying the Canadian dollar and increase the breakdown of the amount of long positions in order to rise above the area of 1.38.
Important news from Canada that may have an impact on the rate of USD/CAD, is not expected, so the pair will continue to move in the USD/CAD technical analysis.
USD CAD Forecast Canadian Dollar on March 3, 2017 suggests an attempt to continue its growth in the framework of completion of work on the forex bullish wave pattern Wolfe with a potential upside target above 1.38 area.
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