The analytic team of Societe Generale is sure that the Canadian Dollar will strengthen against its American counterpart in the near future. They assume that USDCAD will return to the level of support after testing 0.9885.
USDCAD keeps developing its long-term downtrend. According to the Department of Masterforex-V Trading System , the currency pair is forming sub-wave С or 3 of Daily. A break below the local low (0.9980) will give way to 0.9964, 0.9944, 0.9890. It is necessary to pay attention to the MF pivot 0.9922. The downtrend will be over once the price breaks above the MF sloping channel and pivot 1.0146.
