The currency pair US Dollar to Canadian Dollar USD/CAD is trading at the level of 1.3332. The pair broke through the Ichimoku Cloud and is trading below its lower limit, which indicates a downward trend in the pair US Dollar Canadian dollar. The test of the lower boundary of the Ichimoku Cloud near the level of 1.3370 is expected, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a target of falling near the level of 1.3280.
Ichimoku Kinko Hyo USD/CAD forecast on April 11, 2017
Previously, a weak signal was generated for the sales of the US dollar pair Canadian dollar, due to the intersection of signal lines at the level of 1.3390. 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 quotations is with the breakdown of the local minimum area at 1.3320.
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