Currency pair US Dollar to Canadian Dollar USD/CAD closes the trading week at 1.3457. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the currency pair US Dollar to Canadian Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.3430, from which it is expected to try to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 1.3740.
USD/CAD prediction on May 29, 2017 — June 2, 2017
Earlier, a weak signal was generated for the sales of the pair USD/CAD, 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 quotes below the area of 1.3410, 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.