The currency pair Canadian Dollar USD/CAD is trading at 1.3123. The pair was able to break through the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend with the potential upside target above the level of 1.3220.
Ichimoku Kinko Hyo forecast USD CAD on February 23, 2017
Previously it received a weak signal to buy the pair USD/CAD. Cancellation option will be a drop in the growth of quotations and the breakdown of the lower limit of the Ichimoku Cloud to close below the 1.3050 area, which indicates the potential change of the trend in favor of reduction.
Expect faster growth of the Canadian dollar quotations is a breakdown of the level 1.3180. Consider buying a pair you can have with the current levels or wait for a tight test of the upper boundary of Ichimoku Cloud.
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