Currency Pair US Dollar to Canadian Dollar USD/CAD is closing the trading week at 1.3719. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an upward trend in the pair US Dollar Canadian dollar. The pair is expected to fall near the level of 1.3570, from which it is expected to try to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 1.3880.
FOREX forecast USD/CAD for the week on May 15 — 19, 2017
Previously, a strong signal was generated for the purchases of the pair USD US Dollar, due to the intersection of signal lines at 1.3350 level. 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 quotes below the area of 1.3410, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the local maximum area at 1.3800.
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