Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2335. 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. Ichimoku Kinko Hyo Cloud is expected to test near the 1.2250 level, from which it is expected to rebound and continue the development of the bullish trend with a target at 1.2550.
Canadian Dollar forecast USD/CAD on September 22, 2017
Earlier, a medium strength signal was received for buying of the pair US Dollar/Canadian Dollar, due to crossing of signal lines at the level of 1.2200. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 1.2180, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.2385.
