Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2726. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend in the pair US Dollar Canadian Dollar. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 1.2705 is expected, from which it is expected to rebound and continue the development of trend growth with the target at 1.2860.
Canadian Dollar forecast USD/CAD on November 8, 2017
Earlier, a weak signal was received for the sales of the pair US Dollar Canadian Dollar, due to the intersection of signal lines at 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 quotations below the level of 1.2670, which will indicate a change in the lateral trend in favor of the downward trend. Expect to accelerate the growth of the pair is with the breakdown of the level of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above 1.2910.
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