USD/CAD forecast & analysis on May 22, 2017

Currency pair US Dollar to Canadian Dollar USD/CAD is trading at 1.3593. The pair USD/CAD is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar to Canadian Dollar USD/CAD. It is expected to test the area of ​​signal lines near the level of 1.3650, from which one should expect an attempt to fall and develop the bearish trend for the pair US Dollar to Canadian Dollar USD/CAD near the level 1.3465.

USD/CAD forecast & analysis on May 22, 2017

USD/CAD forecast & analysis on May 22, 2017

Earlier, a medium strength signal was generated for the sale of the US Dollar to Canadian Dollar USD/CAD, due to the crossing of the signal lines at the level of 1.3703. The cancellation of the fall of the pair USD/CAD will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3710 area, which will indicate a change in the downward trend in favor of the upward. Expect to accelerate the fall in quotes USD/CAD, with the breakdown of the local minimum area at 1.3510.


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