Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3452. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, indicating a bearish trend in the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3470, from where one should expect a fall attempt and the development of a bearish trend for the pair US Dollar Canadian Dollar near the level of 1.3300.
USD/CAD forecast Canadian Dollar on June 7, 2017
Earlier, a medium strength signal was generated for the sale of the pair USD/CAD, due to the crossing of signal lines at 1.3490. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3530, 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 1.3340.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
