Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3194. 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 Canadian Dollar. The test area of signal lines near the level of 1.3290 is expected, from which one should expect an attempt to fall and develop a bearish trend for a pair of US Dollar Canadian Dollar with the first target near the level of 1.3130.
USD/CAD forecast Canadian Dollar on June 15, 2017
Previously, a strong signal was generated for the sale of the pair US Dollar Canadian Dollar, due to the intersection of the signal lines at 1.3443. The cancellation of the fall of the pair quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3430, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CAD quotes, with the breakdown of the local minimum area at 1.3160.
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