The currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3357. The pair is trading below the lower boundary of the Ichimoku Cloud, which indicates a downward trend in the pair US Dollar Canadian dollar. The Ichimoku Cloud is expected to break near the level of 1.3400 and test the upper boundary of the Ichimoku Cloud near the level of 1.3370 from which we should expect an attempt to grow and develop the bullish trend for this pair with the purpose of growth near the level of 1.3500.
Ichimoku USD/CAD Prediction on April 4, 2017
Earlier, a medium strength signal was received for the sale of the US dollar pair Canadian dollar, due to the intersection of the signal lines at 1.3360. Consider buying a pair is the breakdown of the upper boundary of the Cloud and the formation of a signal in favor of purchases of USD/CAD. In the case of another rebound from the lower boundary of the Ichimoku Cloud should expect the pair to continue to decline. 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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