The currency pair USD/CAD on FOREX is still traded in the swift-zones area of the Bull Wolfe Wave on the four hour chart of the Canadian Dollar. At the moment there is a potential for the growth to the area at the level 1.3560 in the framework of the pierced triangle model on RSI. We are trying to increase the aggressive purchasing of USD/CAD, but we would not recommend to increase the magnitude of transactions much before Federal Reserve System meeting according to the rate. The falling of CAD quotations lower than the local minimum 1.3140 can cancel the option. The basic goal of Bull Wolfe Wave is the area at 1.41 level.
Daily forex forecast/signal USD/CAD on March 17
Thus, the Forex forecast USD/CAD for 17.03.2016 considers the attempt of ascending in the framework of the pierced triangle model on RSI with the nearest goal higher than 1.3560.
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