The currency pair Canadian Dollar to US Dollar USD/CAD continues to test the local maximum area. At the moment, there is a potential for the development of a downward correction within the rebound from the upper boundary of the Woolf wave model.
USD/CAD Forecast Canadian Dollar on May 2, 2017
In favor of the fall will break through the lower boundary of the fresco Triangle model, as well as the closing of quotations below the level of 1.3550. The cancellation of the option will be a strong growth and breakdown of the area of 1.3750, which will indicate the continued growth of quotations of the Canadian Dollar.
Important news from Canada, which may have an impact on the USD/CAD rate, is not expected, so the pair will continue to move within the technical analysis of USD/CAD.
USD/CAD Forecast Canadian Dollar on May 2, 2017 suggests a correction attempt to the area below the level of 1.3580 within the rebound from the upper boundary of the bearish wave model of Wolff, the cancellation will be strong growth and breakdown of the 1.3750 area.
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