USD/CAD Forecast. Ichimoku Cloud Analysis 20.11.2017

usd-cadThe USD/CAD pair is trading at 1.2782; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 1.2765, rebound from it, and then continue moving upwards to reach 1.2890.

However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2690. In this case, the pair may continue falling towards 1.2620.

USDCAD

Orgin: RoboForex

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