USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is declining following a rebound from the resistance level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1.3545 is expected, followed by a rise to 1.3695. An additional signal confirming the rise will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.3510, which will signal a further decline to 1.3415.
Origin: RoboForex
