The currency pair Canadian dollar against the US dollar USD CAD finished the trading week at 1.3090. The pair continues to trade within the forex bullish wave pattern Wolfe with a potential target for growth and testing of models at a level above 1.35 area.
USD CAD Forecast on February 20, 2017 — February 24, 2017
In favor of the growth is the option of forming a reversal pattern Forex failure swing in the relative strength indicator, which indicates an area of the sample 1.33 closing price.
Cancellation option quotes growth of the Canadian dollar will fall and breakdown of 1.2950 area, which point to the abolition of the model and the continued decline. Is expected to accelerate the growth of USD/CAD quotes is a breakdown downlink bullish wave pattern Wolfe.
Among the important news from Canada on the next trading week, which may influence the course of the currency pair USD CAD stands out, the consumer price index, as well as the base consumer price index 24 February 2017.
USD CAD Forecast on February 20, 2017 — February 24, 2017 suggests an attempt to continue the growth of the pair quotes at the beginning of working out the framework bullish forex model Wolfe waves with a potential target of growth above the level of 1.35.
