Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2805. 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 of 1.2800 is expected to be tested, from which it is expected to rebound and continue the development of the bullish trend with a target of growth at the level of 1.3050.
Canadian Dollar forecast USD/CAD on November 6, 2017
Earlier, a weak signal was received for the sales of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at the level of 1.2855. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 1.2730, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.2940.
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