Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2731. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.2750, from which it is expected to rebound and continue the development of a bearish trend with a target at 1.2585.
Canadian Dollar forecast USD/CAD on November 16, 2017
Earlier, a weak signal was received for the sell of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2855. 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 below the level of 1.2820, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of falling quotations of the pair is with the breakdown of the level of 1.2640.
