Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2586. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair US Dollar/Canadian Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2525 is expected, from which it is expected to attempt a rebound and continue growth with a target at 1.2670. An additional signal in favor of the fall of the pair will test the level of support.
Canadian Dollar forecast USD/CAD on February 12, 2018
Earlier, a weak signal was received for buy of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2315. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the level of 1.2400, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of USD/CAD quotes growth with the breakdown of the resistance level and the closing above the area of 1.2630.
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