Currency pair US Dollar to Canadian Dollar USD/CAD is closing the trading week at 1.3280. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, which indicates a bearish trend in the pair US Dollar/Canadian Dollar. The pair USD/CAD is expected to rise near the level of 1.3400, from which one should expect an attempt to fall and develop a bearish tendency for the pair with a view to lower near the level of 1.3030.
Canadian Dollar forecast USD/CAD on June 26 — 30, 2017
Earlier, a weak signal was generated for the sales of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.3581. 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 1.3540 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 1.3120.
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