Currency pair US Dollar Canadian to US Dollar USD/CAD is trading at 1.3479. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend in the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3460, from which it is expected to test the upper boundary of Ichimoku Kinko Hyo Cloud near the level of 1.3520.
USD/CAD forecast Canadian Dollar June 5, 2017
Earlier, a weak signal was generated for the purchases of the pair USD/CAD, due to the crossing of signal lines at 1.3462. 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 1.3550, 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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