The USD/CAD pair is trading at 1.2857; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen at 1.2815 and then continue moving upwards to reach 1.2965.
However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2730. In this case, the pair may continue falling towards 1.2660. After breaking the upside border of the descending channel and fixing above 1.2890, the price may resume growing.
Orgin: RoboForex
