Currency pair US Dollar to Canadian Dollar USD/CAD finished trading month at 1.3479. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the pair US Dollar/Canadian Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 1.3250, from which one should expect an attempt at growth and development of the bullish tendency for the currency pair USD/CAD near the level of 1.3900.
Canadian Dollar (USD/CAD) forecast June 2017
Earlier, a medium strength signal was generated for buying of the currency pair, due to the crossing of the signal lines at 1.3280. 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 1.2790, which will indicate a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/CAD is with the breakdown of the local maximum area at 1.3775.
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