The currency pair Canadian dollar against the US dollar USD CAD is still trading within the bullish wave pattern Wolfe for the purpose of quotation rises above level 1.3195.
USD CAD Forecast Canadian Dollar on October 20, 2016
An additional signal in favor of the growth is the formation of inverted forex model head and shoulders, and is currently preserved growth potential from current levels, cancellation scenario will be a drop in prices below the level 1.3040, which will point to the abolition of the Wolfe wave model, and continued fall.
USD CAD Forecast Canadian Dollar on October 20, 2016 suggests an attempt to increase within the mining model bullish head and shoulders in order to increase at a level above the area of 1.3195.
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