The currency pair US Dollar to Canadian Dollar USD/CAD completes trading week at 1.3647. The pair is trading above the upper limit of the Ishimoku Cloud, which indicates the presence of an upward trend in the pair US Dollar Canadian dollar. It is expected to test the area of signal lines near the level of 1.3550, from which one should expect an attempt to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 1.3850.
Ichimoku Kinko Hyo USD/CAD Forecast May 8 — 12, 2017
Previously, a strong signal was generated for the purchases of the pair USD US Dollar, due to the intersection of signal lines at 1.3350 level. 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 1.3350, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the local maximum area at 1.3790.
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