Currency pair US Dollar to Canadian dollar USD/CAD is trading at the level of 1.3299. The pair continues to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the pair US Dollar Canadian dollar. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 1.3340, 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 1.3260.
Ichimoku Kinko Hyo USD/CAD prediction on April 18, 2017
Earlier, a weak signal was generated for purchases of the pair USD/CAD, due to crossing of signal lines at the level of 1.3280. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 1.3360, 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 1.3290.
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