Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2693. 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. The lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.2740, from which it is expected to rebound and continue the development of the fall with a target at 1.2580.
Canadian Dollar forecast USD/CAD on November 24, 2017
Earlier, a weak signal was received for the sell of the pair US Dollar/Canadian Dollar, due to the crossing of the signal lines at the level of 1.2760. The cancellation of the growth of the quotations of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 1.2795, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of the pair is with the breakdown of the level of 1.2650.
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