Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2972. 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 Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2895, from which it is expected to attempt a rebound and continue growth with a target at 1.3095.
Canadian Dollar forecast USD/CAD on March 15, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. 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 growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 1.2770, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the resistance area and closing above the level of 1.3030.
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