Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.2623. 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 pair USD/CAD 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 with the target of a decrease near the level of 1.2480.
Canadian Dollar forecast USD/CAD on July 20, 2017
Earlier, a strong signal was generated for the sales of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at the level of 1.2806. An additional signal in favor of a bearish trend will be the resistance area test. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.2850, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations USD/CAD is with the breakdown of the local minimum area at 1.2530.
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