Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2761. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the pair US Dollar/Canadian Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2785, from which it is expected to rebound and continue the development of a downward trend with a target at 1.2705.
Canadian Dollar forecast USD/CAD on November 17, 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 lower boundary of the Cloud Ichimoku Kinko Hyo and the closing below the level of 1.2685.
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