Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2595. 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 Canadian Dollar. The USD/CAD pair is expected to rise to the level of 1.2690, from which it is expected to try to fall and develop the bearish trend for the pair USD/CAD to reduce near 1.2470.
Canadian Dollar forecast USD/CAD on July 19, 2017
Previously, a strong signal was generated for the sale of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2890. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2900, which indicates a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in USD/CAD quotations is with the breakdown of the local minimum area at 1.2540.
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