Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2842. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair US Dollar/Canadian Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2780 is expected, from which it is expected to rebound and continue the development of the bullish trend with the target of growth at the level of 1.2950.
Canadian Dollar forecast USD/CAD on October 30, 2017
Earlier, a strong signal was received for the buy of the pair USD/CAD, due to the crossing of signal lines at the level of 1.2520. 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 1.2640, which will indicate a shift 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 1.2870.