Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3253. 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. It is expected to test the area of signal lines near the level of 1.3320, from which one should expect an attempt to fall and develop a bearish trend for the pair US Dollar/Canadian Dollar with a view to lower near the level of 1.3210.
Canadian Dollar forecast USD/CAD on June 16, 2017
Previously, a strong signal was generated for the sale of the pair US Dollar/Canadian Dollar, due to the crossing of the signal lines at 1.3443. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 1.3410, which will indicate a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in USD/CAD quotes, with the breakdown of the local minimum area at 1.3160.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
