USDCAD is trading at 1.2481; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. One should expect the price to test the downside border of the cloud at 1.2465 and then continue moving upwards to reach 1.2580.
However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2425. In this case, the pair may continue falling towards 1.2270. After breaking the upside border of the cloud and fixing above 1.2620, the price may resume growing.
Orgin: RoboForex
