Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2950. 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. Ichimoku Kinko Hyo Cloud near the level 1.2930 is expected to be tested, 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 16, 2018
An additional signal in favor of the growth of the pair will test the support area. Earlier, a medium strength signal was received for buy of the US Dollar/Canadian Dollar, due to crossing of the signal lines at the level of 1.2990.
The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 1.2790, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/CAD is with the breakdown of the upper limit of the model «Triangle» and closing above the level of 1.3020.
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