Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.2950. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a downward trend in the pair US Dollar/Canadian Dollar. The pair USD/CAD is expected to rise near the level of 1.3020, from which it is expected to try to fall and develop the bearish trend for the pair USD/CAD with the target of lowering near the level of 1.2840.
USD/CAD forecast Canadian Dollar on July 6, 2017
Earlier, a medium-strength signal was generated for the sale of the pair US Dollar to Canadian Dollar, due to the crossing of the signal lines at 1.3267. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3160 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CAD quotations is with the breakdown of the local minimum area at the level of 1.2890.
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