Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2535. 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. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2560, from which it is expected to attempt a rebound and continue falling with a target at 1.2420. An additional signal in favor of the drop in quotations is the resistance level test.
Canadian Dollar forecast USD/CAD on January 15, 2018
Earlier, a weak signal was received for buy of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2425. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 1.2590, which will indicate a change in the bearish trend in favor of the bullish. Expect to accelerate the fall of quotations of the pair is with the breakdown of the level of 1.2410, which indicates continuation of the bearish trend for the pair.