Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2501. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Canadian Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 1.2530, from which it is expected to try to fall and develop the bearish trend for the pair USD/CAD with the target of lowering near the level of 1.2310.
Canadian Dollar forecast USD/CAD on August 1, 2017
Earlier, a weak signal was generated for purchases of the pair US Dollar to Canadian Dollar, due to the crossing of signal lines at 1.2495. 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 area of 1.2610, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CAD quotations with a breakdown of the local minimum area at 1.2370.
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