Currency pair US Dollar to Canadian Dollar USD/CAD is trading at the level of 1.3703. The pair continues to trade above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating that there is an upward trend in the pair US Dollar Canadian dollar. An attempt is expected to grow and develop the bullish trend for the pair US dollar Canadian dollar near the level of 1.3860.
Forex NEWS & USD/CAD Prediction on May 11, 2017
Earlier, a weak signal was generated for the sale of the pair US Dollar Canadian Dollar, due to the intersection of the signal lines at the level of 1.3715. The cancellation of the variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.3655, which will indicate a change in the upward trend in favor of a 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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