The currency pair Canadian dollar against the US dollar USD CAD continues to trade within the forex Wedge pattern and at the moment there is a potential for a rebound from the lower limit and the beginning of growth of pair of quotes in the area above the level of 1.3270.
USD CAD Forecast Canadian Dollar on October 17, 2016
Cancellation option rebound from the bottom of the model will fall and breakdown below the 1.2180 area, which indicates a continued reduction and refinement of forex Wedge pattern with a potential target below 1.2850.
USD CAD Forecast Canadian Dollar on October 17, 2016 is a Canadian quotation traded above the level of the border Wedge model suggests an attempt to increase in the region of 1.3270, in case of a breakdown of the lower limit of long positions in the pair is closing and expected loss.
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