Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2430. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Canadian Dollar. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 1.2460 is expected, from which one should expect a rebound attempt and continue falling with a target at 1.2250.
Canadian Dollar forecast USD/CAD on January 25, 2018
Earlier, the signal was weak signal for buy of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2440.
The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 1.2520, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of the pair is with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 1.2370.
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