Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3509. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar to Canadian Dollar USD/CAD. It is expected to test the area of signal lines near the level of 1.3580, from which one should expect an attempt to fall and develop a bearish trend for the pair US Dollar to Canadian Dollar USD/CAD near the level of 1.3420.
Ichimoku Kinko Hyo prediction USD/CAD on May 23, 2017
Previously, a strong signal was generated for the sale of the pair USD/CAD, due to the crossing of the signal lines at 1.3594. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3670 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CAD quotations is with the breakdown of the local minimum area at 1.3450.
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