Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3308. The pair continues to haggle inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend in the pair US Dollar Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3290, from where it is expected to test the upper boundary of Ichimoku Kinko Hyo Cloud near the level of 1.3345.
USD/CAD forecast Canadian Dollar on June 23, 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 worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes above the level of 1.3380, in the case of breaking the lower boundary of the Ichimoku Kinko Hyo Cloud, we should expect the development of the bearish trend in USD/CAD to continue.
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