USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.2981; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2920 and then continue moving upwards to reach 1.3090.
However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2800. In this case, the pair may continue falling towards 1.2710.
Orgin: RoboForex
