Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3785. The pair is trading above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in the pair US Dollar Canadian dollar. It is expected to test the area of signal lines near the level of 1.3730, from which one should expect an attempt at growth and development of the bullish trend for the pair US dollar Canadian dollar near the level of 1.3885.
Ichimoku Kinko Hyo Forecast USD/CAD on May 8, 2017
Earlier, a strong signal was generated for purchases of the pair USD CAD, due to intersection of signal lines at the level of 1.3518. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.3590, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the local maximum area at 1.3820.
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