Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2354. 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 indicator lines are expected near the level of 1.2290, from which it is expected to rebound and continue growth with the target near the level of 1.2540.
Canadian Dollar forecast USD/CAD on September 22, 2017
Earlier, a medium strength signal was generated for buying of the pair US Dollar/Canadian Dollar, due to crossing of the signal lines at the level of 1.2200. 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 area of 1.2155, 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 1.2390.