The currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3242. The pair is trading below the lower boundary of the Ichimoku Cloud, which indicates a downward trend in the pair US Dollar Canadian dollar. A test of the signal line area near the level of 1.3290 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 1.3190.
Ichimoku Kinko Hyo USD/CAD forecast on April 14, 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 fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 1.3400, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/CAD quotations with a breakdown of the local minimum area at 1.3210.
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