USD/CAD Forecast. Forex Analysis

usd-cadUSDCAD is trading at 1.3300; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3255 and then resume moving upwards to reach 1.3510. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s upside border.

However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3175. In this case, the pair may continue falling towards 1.3065. After breaking the resistance level and fixing above 1.3335, the price may continue moving upwards to complete upside-down Head & Shoulders reversal pattern.

USDCAD

Orgin: RoboForex

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply