Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.2694. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair US Dollar/Canadian Dollar. The USD/CAD pair is expected to fall to the level of 1.2630, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 1.2850.
Canadian Dollar forecast USD/CAD on August 11, 2017
Earlier, a weak signal was generated for buying of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2490. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2540, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of USD/CAD quotes growth with the breakdown of the local maximum area at the level of 1.2820.
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