Currency pair US Dollar to Canadian Dollar USD/CAD closes the trading week at 1.3533. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair US Dollar/Canadian Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.3500, from which one should expect an attempt of growth and development of the bull tendency on the pair with the target of growth near the level of 1.3800.
USD/CAD weekly forecast June 5 — 9, 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 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 1.3750.
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