The currency pair Canadian dollar against the US dollar USD CAD continues to move in the beginning of the mining model bullish forex Wolfe waves with a potential upside target above 1.35 area. At the moment, we can expect a tight test of the support line on the indicator of relative strength.
USD CAD Forecast on February 28, 2017
The immediate goal of couples of quotations growth is the area at a level above 1.32. Cancellation option of continuing price growth will drop and the sample area of support at 1.3050, which will point to continued decline. Is expected to accelerate growth of the pair is a breakdown of the resistance line on the indicator of relative strength.
Among the important news from Canada that may have a strong influence on the Canadian dollar, is to provide, on the raw material price index.
USD CAD Forecast on February 28, 2017 involves an growth to 1.32 in the rebound from the support line on the indicator of relative strength, the cancellation will be the breakdown of the area 1.3050.
