Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2521. The pair is trading above the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.2510, from which it is expected to rebound and continue the development of the bullish trend with the target at 1.2650.
Canadian Dollar forecast USD/CAD on October 18, 2017
Earlier, a medium strength signal was received for buy of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2485. 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 1.2460, 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 1.2575.
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