Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3468. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud near the level 1.3490 is expected to be tested, from which it is worth to try to fall and develop the bearish trend for the pair USD/CAD near the level of 1.3370.
Ichimoku Kinko Hyo forecast USD/CAD on May 31, 2017
Earlier, a strong signal was generated for the sale of the currency pair US Dollar to Canadian Dollar, due to the crossing of the signal lines at 1.3465. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 1.3560, which indicates a change in the bearish trend in favor of the upward. Expect to accelerate the fall in USD/CAD quotations with a breakdown of the local minimum area at 1.3390.
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