The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the lateral trend and at the moment the pair’s quotes are traded near the upper limit of this movement near the area of 1.3375. One should expect an attempt to fall to the area below the level of 1.3345, where the pair will complete the formation of the bull forex model of the Wolf wave, which indicates the continued growth with the target above the area of 1.3410.
USD/CAD Forecast Canadian Dollar on March 30, 2017
With the breakdown of the resistance area, we should expect the USD/CAD pair to continue growing above 1.35. In favor of the option of continuing the growth of the Canadian dollar will perform a tight test of the upward support line on the indicator of relative strength. The abolition of the growth option will be the fall and breakdown of the 1.3315 area by closing prices, which will indicate that the pair’s quotes continue to fall below 1.3270.
Among the important news from Canada, which can have a strong impact on the Canadian dollar, it is worth highlighting the Price Index for raw materials.
USD/CAD Forecast Canadian Dollar on March 30, 2017 involves an attempt to test the lower boundary of the bull model of the Wolf wave and continue growth with the first target near the area of 1.3410.
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