Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2691. 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 1.2625 is expected, from which it is expected to attempt a rebound and continue growth with the target at 1.2770.
Canadian Dollar forecast USD/CAD on February 23, 2018
Earlier, a medium strength signal was received for buy of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2550. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 1.2535, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of USD/CAD quotes growth with the breakdown of the resistance area and the closing above the area of 1.2730.
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