Currency pair US Dollar to Canadian Dollar USD/CAD closes the trading week at 1.2966. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Canadian Dollar. The pair USD/CAD is expected to rise near the level of 1.3170, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 1.2740.
USD/CAD weekly forecast on July 3 — 7, 2017
Earlier, a weak signal was generated for the sales of the pair US Dollar Canadian Dollar, due to the intersection of signal lines at 1.3581. The 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 1.3460, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations USD/CAD stands with the breakdown of the local minimum area at 1.2830.
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