The Currency pair US dollar Canadian dollar USD/CAD is trading at the level of 1.33255. The pair is trading below the lower boundary of the Ishimoku Cloud, which indicates a downward trend in the pair US Dollar Canadian dollar. It is expected to test the lower boundary of the Ishimoku Cloud near the level of 1.33350 from which one should expect an attempt to fall and develop a bearish trend for this pair in order to reduce the level of 1.32100.
Ichimoku Kinko Hyo forecast USD/CAD on March 28, 2017
Earlier, a weak signal was received to buy a pair of US Dollar Canadian Dollar, due to the intersection of signal lines at 1.33350. Cancellation of the decline option will be a breakdown of the upper boundary of the Ishimoku Cloud with the closing of quotes above the area of 1.3400, which indicates a change in the downward trend in favor of an upside, at which point it is possible to try buying the pair. Expect to accelerate the fall in USD/CAD quotations with a breakdown of the local minimum area at 1.32900. Consider selling the pair is only at the moment of crossing the signal lines in favor of sales of USD/CAD.
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