The currency pair US Dollar to Canadian dollar USD/CAD is trading at the level of 1.3586. The pair is trading above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in the pair US Dollar Canadian dollar. A test of the signal line area near the level of 1.3526 is expected, from which one should expect an attempt of growth and development of the bullish trend for the pair US dollar Canadian dollar near the level of 1.3690.
Ichimoku Kinko Hyo forecast USD/CAD on April 28, 2017
Earlier, a strong signal was generated for purchases of the pair USD US Dollar, due to the intersection of signal lines at 1.3516. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.3400, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations USD/CAD is with the breakdown of the local maximum area at 1.3640.
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