Currency pair US Dollar to Canadian Dollar USD/CAD is closing the trading week at 1.3509. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3470, from which it is expected to try to grow and develop the bullish tendency for the pair with the target of growth near the level of 1.3730.
USD/CAD weekly forecast June 12 — 16, 2017
Earlier, a weak signal was generated for the sales of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.3581. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.3400, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/CAD is with the breakdown of the local maximum area at 1.3680.
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