The currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.2719. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Canadian Dollar. The USD/CAD pair is expected to fall to the level of 1.2830, from which it is expected to try to fall and develop the bearish trend for the pair USD/CAD with the target of reducing near the level of 1.2520.
USD/CAD forecast Canadian Dollar on July 13, 2017
Previously, a strong signal was generated for the sales of the pair US Dollar/Canadian Dollar, due to the crossing of the signal lines at the level of 1.2966. 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 1.3030 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CAD quotations, with a breakdown of the local minimum area at 1.2610.
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