The currency pair Canadian dollar against the US dollar USD CAD on the current trading week show a rebound from the lower boundary of the rising pattern Wolfe waves. And at the moment it is stored potential for continued growth in the region above the 1.35 level within the mining bullish wave pattern Wolfe.
USD CAD Forecast on February 13, 2017 — February 17, 2017
In favor of a growth in the Canadian dollar quotations in favor of formation of topping models forex failure swing in the relative strength indicator, which indicates the breakdown of 1.3350 area. Cancellation option USD/CAD pair growth will be a drop in prices below the level 1.2950, which will point to continued decline.
Among the important events in the next trading week, 13 – 17 February 2017, which could have a strong influence on the Canadian dollar, stands out, Change of volume production shipments February 15, 2017, as well as the volume of transactions with foreign securities February 17, 2017.
USD CAD Forecast on February 13, 2017 — February 17, 2017 suggests an attempt to continue the growth of quotations within the mining bullish wave pattern Wolfe with a potential target of growth above the level of 1.35.
