The USD/CAD is trading at 1.3223, above the Ichimoku cloud, which means there’s an uptrend forming. We expect a test of the upper cloud boundary at 1.3165, and then an upward pullback to 1.3305, which may be confirmed with the price bouncing off the support.
This rise may be prevented in case price breaks out the lower boundary and closes below 1.3115, which will be a signal for a further fall to 1.3010 and below.
Orgin: RoboForex
