The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of the formation of the bullish model of the Wolfe wave. It is expected to continue the decline in quotations in the area of 1.25, where again we should expect a rebound and growth of quotations of the pair with a potential target near the area of 1.2760.
USD/CAD forecast & technical analysis on August 25, 2017
In favor of the growth of quotations will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the USD/CAD growth option on Forex will be a breakdown of the area of 1.2450, which will indicate the continuation of the pair’s decline to 1.2400 area and the cancellation of the bullish wave model of Wolfe. Expect to accelerate the growth of the pair is with the breakdown of the area of 1.2600.
Important news from Canada is not expected, so the pair will continue to move in the technical analysis USD/CAD.
USD/CAD forecast & technical analysis on August 25, 2017 assumes a 1.2500 test and the pair began to grow as part of the development of the bullish Wolfe wave with a potential target near the 1.2750 area, an additional signal will test the trend line on the relative strength indicator (RSI).
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