USD/CAD Forecast. Broke resistance level

usd_cad_news_prognozUSDCAD is trading at 1.3139; 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 1.3070 and then continue moving upwards to reach 1.3255. Another signal to confirm further ascending movement is the price’s rebounding from the upside border of the Triangle pattern.

However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2930. In this case, the pair may continue falling towards 1.2845.

USDCAD

Orgin: RoboForex

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