Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3488. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the pair US Dollar to Canadian Dollar. The currency pair USD/CAD is expected to fall near the level of 1.3480, from which one should expect an attempt of growth and development of the bullish trend for the pair USD/CAD near the level of 1.3600.
USD/CAD forecast Canadian Dollar on June 9, 2017
Earlier, a medium strength signal was generated for the sale of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.3490. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.3450, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the local maximum area at 1.3570.
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