Forecast for USD/CAD for the week from 13 to 17 January 2020

Forecast for USD/CAD for the week from 13 to 17 January 2020
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Let's see which way to trade the US dollar against the Canadian dollar (USD/CAD pair)

Judging by the readings of the wave cycle, the third won down has already ended and a surge has begun that has been going on for a whole week. Next week, a short-term correction is expected and the start of a new rise to approximately the indicated mark, which is at the level of 61.8

It is also worth considering that below - approximately at the level of 50, there will be strong resistance for the price. You should not take it for a breakdown, if you have open buy orders, it is better to close them near these levels, the price may bounce down.

Also you can get more accurate signals with entry points by SMS or in our closed Telegram chat!

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