Currency pair Australian dollar Canadian dollar AUD/CAD is trading at 1.0177. The pair is trading below the lower limit of the Ichimoku Cloud, indicating a downward trend in the pair Australian dollar Canadian dollar. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 1.0211, from which one should expect an attempt to fall and develop a bearish trend for this pair with a view to lowering the level of 1.011.
Ichimoku Kinko Hyo AUD/CAD forecast on March 27, 2017
Earlier, a weak signal was received for the sale of the Australian dollar, the Canadian dollar, due to the crossing of the signal lines at the level of 1.0260. The abolition of the reduction option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 1.0280, which will indicate a change in the downward trend in favor of the upward trend. Expect the acceleration of the fall in quotations AUD/CAD is with the breakdown of the local minimum area at 1.0160.
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