The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the upward trend and at the moment there is a potential for the pair to continue to grow. It is worth waiting for an attempt to fall below 1.36, from which we can expect the spike and continue the pair’s growth in the area above 1.3750 as part of the development of the bull forex model of the Wolf wave.
USD/CAD Forecast Canadian Dollar on May 11, 2017
In favor of the growth of quotations will perform a tight test of the support line on the indicator of relative strength. The cancellation of the growth of USD/CAD quotations will be the fall and breakdown of the 1.3540 area, which will indicate the continued decline in the pair’s quotes.
Among the important news from Canada, which can have a strong impact on the Canadian dollar rate of USD/CAD, it is worth highlighting, the Housing Price Index, is expected to slightly decrease from 0.4% to 0.3%.
USD/CAD Forecast Canadian Dollar on May 11, 2017 suggests a correction attempt to 1.36, where we can expect the pair to continue growing above 1.3750, the breakdown will be a breakdown at 1.3540 level.
