Our pair approached a fairly strong level of 1.29 however, considering the previous movement of the pair, it is unlikely that it will be able to restrain growth.
Considering our daily chart from the point of view of wave analysis, we can observe that the price is in the 3 rd rising wave and may soon approach the price level of February 2017.
In view of the fall in energy prices, the Canadian dollar also shows a drawdown relative to other currencies.
Most likely, the further upward movement of the pair will continue, because at the moment it takes a long position.
USDCAD
Considering our daily chart from the point of view of wave analysis, we can observe that the price is in the 3 rd rising wave and may soon approach the price level of February 2017.
In view of the fall in energy prices, the Canadian dollar also shows a drawdown relative to other currencies.
Most likely, the further upward movement of the pair will continue, because at the moment it takes a long position.
USDCAD