Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3639. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a downward trend in the pair US Dollar to Canadian Dollar USD/CAD. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3690, from where it is expected to try to fall and develop the bearish trend for the pair US Dollar to Canadian Dollar USD/CAD near the level 1.3520.
USD CAD forecast Canadian Dollar on May 19, 2017
Earlier, a medium strength signal was generated for the sale of the pair USD/CAD, due to the crossing of the signal lines at the level of 1.3703. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3720 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations USD/CAD with the breakdown of the local minimum area at 1.3560.
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