Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2815. The pair is trading above the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.2880, from which it is expected to attempt a rebound and continue falling with a target at 1.2680.
Canadian Dollar forecast USD/CAD on March 13, 2018
An additional signal in favor of the fall of the pair will be the resistance level. Earlier, a weak signal was received for the sell of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2630.
The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 1.2950, which will indicate a change in the flat trend in favor of the bullish trend. Expect the acceleration of USD/CAD quotes falling with the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary and the closing below the area of 1.2790.
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