Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2324. 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 area of Ichimoku Kinko Hyo signal lines near the level of 1.2345 is expected, from which it is expected to attempt a rebound and continue falling with the target at 1.2190. An additional signal in favor of the fall is the resistance level test.
Canadian Dollar forecast USD/CAD on January 31, 2018
Earlier, a strong signal was received for the sale of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2435.
Cancellation option quotations pair will fall breakdown upper limit Clouds Ichimoku Kinko Hyo with closing quotes higher than 1.2440, that points to change bearish trend in favor of the bullish trend. Expect the acceleration of USD/CAD quotes falling with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 1.2295.
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