The currency pair Canadian dollar against the US dollar USD CAD finished the trading week at 1.3095. The pair continues to move in the upward channel and is now retained the potential for continued growth of quotations in the area above the level of 1.35.
In favor of the growth of USD/CAD quotes favor the formation of bullish failure swing pattern on the display relative strength, which indicates that the sample area of 1.3220 closing prices.
USD/CAD Forecast on 27 February, 2017 — 3 March, 2017
Quotes also fled the Wolf bullish wave pattern that points to the continued growth of quotations already from current levels. Cancellation option will drop the pair growth and the breakdown of the rising channel’s lower border with fixing quotations below 1.2910 area, which indicates the completion of an upward trend.
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 Bank of Canada decision on the basic interest rate, the accompanying statement of the Bank of Canada March 1, 2017, the GDP volume of 2 March 2017.
USD/CAD Forecast on 27 February, 2017 — 3 March, 2017 suggests an attempt to continue its growth within the mining bullish forex wave pattern Wolfe with a potential upside target above 1.35 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
