Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3436. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Canadian Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 1.3460, from which it is expected to attempt a fall and develop a bearish trend for the pair US Dollar/Canadian Dollar near the level of 1.3330.
Ichimoku Kinko Hyo forecast USD/CAD June 8, 2017
Earlier, a medium strength signal was generated for the sale of the pair USD/CAD, due to the crossing of signal lines at 1.3490. Cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3530 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CAD quotations is with the breakdown of the local minimum area at the level of 1.3350.
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