Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2780. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the pair US Dollar/Canadian Dollar. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 1.2755 is expected, from which it is expected to rebound and continue the growth of the trend with a target at 1.2970.
Canadian Dollar forecast USD/CAD on November 9, 2017
Earlier, a weak signal was received for the sell of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at the level of 1.2855. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 1.2670, which will indicate a change in the flat trend in favor of the bearish trend. Expect to accelerate the growth of the pair is with the breakdown of the level of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above 1.2910.
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