Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3621. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a downward trend in the pair US Dollar to Canadian Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level 1.3690, from which it is expected to try to fall and develop the bearish trend for the pair US Dollar to Canadian Dollar near the level of 1.3460.
Ichimoku Kinko Hyo forecast USD/CAD on May 17, 2017
Earlier, a medium strength signal was generated for the sale of the pair US Dollar to Canadian Dollar due to the crossing of the signal lines at the level of 1.3703. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3750 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CAD quotations with a breakdown of the local minimum area at 1.3520.
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