Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.2685. 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. The USD/CAD pair is expected to fall to the level of 1.2630, from which it is expected to try to grow and further develop the bullish trend with the target of growth near the level of 1.2870.
FOREX forecast & USD/CAD analysis on August 9, 2017
Earlier, a weak signal was generated for buying of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2490. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.2500, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the local maximum area at 1.2830.
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