The currency pair US dollar to Canadian dollar USD/CAD finished the trading week at 1.3320. The pair is trading above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in the pair US Dollar Canadian dollar.
Ichimoku Kinko Hyo USD/CAD Forecast on April 17 — 21, 2017
An insignificant increase is expected in the region near the level of 1.3410, then the test of the upper boundary of the Ichimoku Cloud near the level of 1.3330, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 1.3510. Previously, a weak signal was generated for the sales of the US dollar pair Canadian dollar, due to the intersection of the signal lines at the level of 1.3357.
Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.3200, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations USD/CAD is with the breakdown of the local maximum area at 1.3450.
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