Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2515. 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. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.2495, from which it is expected to rebound and continue the development of the bullish trend with a target at 1.2660. An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel.
Canadian Dollar forecast USD/CAD on October 12, 2017
Earlier, a strong signal was received for the sell of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2525. 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 quotations below the level of 1.2450, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.2680.
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