The currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3330. Quotations for the pair broke through the lower border of the Ichimoku Cloud and traded below the lower limit, which indicates a downward trend in the pair USD US Dollar. The test of the broken boundary of the Ichimoku Cloud near the level of 1.3340 is expected, from which one should expect an attempt to fall and develop a bearish trend for this pair with the aim of increasing the decline of 1.3260.
Ichimoku Kinko Hyo forecast USD/CAD on March 31, 2017
Earlier, a medium strength signal was received for the sale of the US dollar pair Canadian dollar, due to the intersection of the signal lines at 1.3360. Cancellation of the variant of the fall will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 1.3420, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/CAD quotes with a breakdown of the local minimum area at 1.3310.
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