The currency pair US Dollar to Canadian Dollar USD/CAD is trading at the level of 1.3702. The pair is traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend for the pair US Dollar Canadian dollar. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.3660 is expected, from which it is expected to test the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.3710.
Analysis & Forex prediction USD/CAD on May 12, 2017
Earlier, a weak signal was generated for the sale of the pair US Dollar Canadian Dollar, due to the intersection of the signal lines at the level of 1.3715. Consider selling is worth breaking through the lower boundary of the Ichimoku Cloud and closing the quotes below the level of 1.3610, in case of breaking through the upper boundary of the Ichimoku Kinko Hyo Cloud, we should expect the continuation of the upward trend development in USD/CAD.
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