The currency pair Canadian Dollar USD/CAD is trading at 1.3074. The pair is trying to break through the lower boundary of Ichimoku Cloud that will point to a confirmation of the weak signal in favor of the sales, and you can consider opening short positions on the pair USD/CAD.
Ichimoku Kinko Hyo forecast USD/CAD on February 27, 2017
Cancellation option will be a drop in prices and a strong increase in the breakdown of 1.3230 area, that will indicate a return above the Ichimoku Cloud and continued growth of the Canadian dollar. The purpose of the fall is the area below the 1.2970 level, but it is important to get a confirmation in the form of a breakdown of the lower limit of the Ichimoku Cloud.
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