The currency pair US Dollar to Canadian dollar USD/CAD is trading at the level of 1.3386. The pair withdrew from the Ichimoku Cloud area and traded above the upper limit, 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 1.3380 from which we should expect an attempt to grow and develop the bullish trend for this pair with the purpose of increasing the level of 1.3500.
Ichimoku Forecast USD/CAD on March 30, 2017
Earlier, a medium strength signal was received for purchases of the US dollar pair of the Canadian dollar, due to the intersection of the signal lines at the level of 1.3375. The 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 1.3330, which will indicate a shift 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 1.3420.
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