Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2754. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the pair US Dollar/Canadian Dollar. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 1.2740 is expected, from which it is expected to rebound and continue the development of growth with the target at the level of 1.2790.
Canadian Dollar forecast USD/CAD on November 20, 2017
Earlier, a weak signal was received for buy of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at the level of 1.2720. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 1.2820, which will indicate a change in the lateral trend in favor of the upside. Expect the acceleration of falling quotations of the pair is with the breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo and the closing below the level of 1.2685.
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