Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3289. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the pair US Dollar Canadian Dollar. The Ichimoku Kinko Hyo Cloud Bottom Test is expected near the level of 1.3280, from which it is expected to test the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.3350.
USD/CAD forecast Canadian Dollar on June 22, 2017
Earlier, a weak signal was generated for buying of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at the level of 1.3248. Consider buying is worth with a break through the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing of quotes above the level of 1.3390, in the case of breaking the lower boundary of the Cloud Ichimoku Kinko Hyo, we should expect the continuation of the bearish trend in USD/CAD.
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