Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3485. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the pair US Dollar to Canadian Dollar. The Ichimoku Kinko Hyo Cloud test is expected near the 1.3520 level, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.3460.
Forex forecast USD/CAD on June 1, 2017
Earlier, a weak signal was generated for the purchases of the pair USD/CHF, due to the crossing of signal lines at 1.3462. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes above the level of 1.3550, in the case of breaking the lower boundary of the Ichimoku Kinko Hyo Cloud, we should expect the development of the bearish trend in USD/CAD to continue.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
