Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2482. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud near the level 1.2465 is expected to be tested, from which it is expected to attempt a rebound and continue the growth with a target at 1.2585.
Canadian Dollar forecast USD/CAD on February 16, 2018
Earlier, a weak signal was received for the sell of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2585. 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 1.2430, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the upper boundary of the Cloud and the closing above the area of 1.2625.
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