The Currency pair US dollar Canadian dollar USD/CAD finished the trading week at 1.3379. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the pair US Dollar Canadian dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.3282, from which one should expect an attempt to grow and develop the bullish trend for this pair with the purpose of increasing the level of 1.3530.
Ichimoku forecast USD/CAD on March 27 — 31, 2017
Earlier, a weak signal was received to buy a pair of the US Dollar Canadian dollar, due to the intersection of signal lines at 1.3190. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.3200, 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 1.3400.
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