The currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3661. 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 1.3605, from which one should expect an attempt to grow and develop the bullish trend for the pair US dollar Canadian dollar near the level of 1.3740.
Ichimoku Kinko Hyo USD/CAD Forecast on May 3, 2017
Earlier, a strong signal was generated for purchases of the pair USD US Dollar, due to intersection of signal lines at the level of 1.3518. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the 1.3500 area, which will indicate a shift 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 1.3690.
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