Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3087. 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 USD/CAD pair is expected to rise near the level of 1.3190, 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 1.2970.
Canadian Dollar Forecast USD/CAD on June 29, 2017
Earlier, a medium-strength signal was generated for the sale of the US Dollar to Canadian Dollar, due to the crossing of the signal lines at 1.3267. 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 1.3280, which will indicate the change of 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 the level of 1.3020.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
