Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3439. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, indicating a bearish trend in the pair US Dollar/Canadian Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 1.3470, from which it is expected to attempt a fall and develop a bearish trend for the pair US Dollar/Canadian Dollar near the level of 1.3360.
USD/CAD forecast Canadian Dollar on June 13, 2017
Earlier, a medium-strength signal was generated for the sale of the currency pair USD/CAD, due to the crossing of signal lines at 1.3490. 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 1.3500 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/CAD quotes falling with the breakdown of the local minimum area at the level of 1.3380.
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