Currency pair US Dollar Canadian dollar USD/CAD is trading at 1.3396. The pair leaves the Cloud area and begins to trade above the upper boundary of the Ichimoku Cloud, indicating that there is an upward trend in the pair US Dollar Canadian dollar. A small pair is expected to rise near the 1.3420 level and further test the upper boundary of the Iсhimoku 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 aim of increasing the level of 1.3555. Earlier, a medium strength signal was received to buy a pair of the US Dollar Canadian Dollar, due to the crossing of the signal lines at the level of 1.3375.
Ichimoku Forecast USD/CAD on March 29, 2017
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 1.3410.
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