The currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of testing the bullish Wolfe wave model with a target above 1.31. In favor of the growth of quotations of the pair is the breakdown of the downward trend line on the indicator of relative strength index (RSI).
USD/CAD forecast & technical analysis on July 11, 2017
Cancellation of the growth option will be the fall in the quotes of the Canadian Dollar pair below the level of 1.28, which will indicate the cancellation of the model and the continued decline of the pair.
Important news from Canada is not expected, so the pair will continue to move in the technical analysis of USD/CAD.
USD/CAD forecast & technical analysis on July 11, 2017 suggests an attempt to continue growth in the area above 1.31 as part of the development of the bullish model, an additional signal is the breakdown of the resistance line on the indicator of relative strength index (RSI).
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