USD/CAD Forecast. Ichimoku Cloud Analysis

news_22_feb_cad_usd_1The instrument is trading at 1.3137 above the Ichimoku Cloud which suggests an ascending trend. Testing of the upper border of the Cloud near 1.3095 is expected, followed by growth to 1.3245. Yet another signal of decline may be a bounce off the upper border of the descending channel.

The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closes below 1.3025, which may be followed by further decline to 1.2935.

USDCAD

Orgin: RoboForex

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