The USDCAD is trading at 1.3331, inside the Ichimoku cloud, which means the pair is trading sideways. We are expecting a test of the upper cloud boundary at 1.3340, and then a downward pullback to 1.3235, which may be confirmed with the price bouncing off the resistance.
This fall may be prevented in case the price breaks out the upper boundary and closes above 1.3355, which will be a signal for a further rise to 1.3395.
Orgin: RoboForex
