Currency pair US Dollar to Canadian Dollar USD/CAD closes the trading week at 1.2425. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar to Canadian Dollar. The pair USD/CAD is expected to rise to the level of 1.2730, from which it is expected to try to fall and develop the bearish tendency for the pair with a target to lower near the level of 1.1950.
FOREX forecast USD/CAD on July 31 — August 4, 2017
Earlier, a weak signal was generated for the sales of the pair US Dollar to Canadian Dollar, due to the crossing of signal lines at the level of 1.3597. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 1.3150 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CAD quotes with a breakdown of the local minimum area at 1.2100.
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