Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3491. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the currency pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud near the level 1.3460 is expected to be tested, from which it is expected to test the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.3510.
FOREX forecast USD/CAD for June 6, 2017
Earlier, a weak signal was generated for buying of the currency pair US Dollar/Canadian Dollar, due to crossing of signal lines at 1.3462 level. 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 downward 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
