Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2507. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair US Dollar/Canadian Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2485 is expected, from which it is expected to attempt a rebound and continue growth with the target at 1.2645.
Canadian Dollar forecast USD/CAD on February 7, 2018
Earlier, a weak signal was received for buy of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2315. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 1.2320, 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 level of 1.2550.