Currency Pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3271. 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. A test of the signal line area near the level of 1.3370 is expected, from which it is expected to attempt a fall and develop a bearish trend for the pair USD/CAD near the level of 1.3190.
USD/CAD forecast Canadian Dollar on June 14, 2017
Previously, a strong signal was generated for the sale of the pair US Dollar/Canadian Dollar, due to the crossing of the signal lines at 1.3443. 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 area of 1.3440, 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 1.3220.
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