Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.3264. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend for the pair US Dollar Canadian Dollar. As part of the Canadian Dollar forecast USD/CAD November 23, 2018, the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.3235. Where can we expect an attempt to rebound and continue the growth of the pair USD/CAD with the goal at the level of 1.3395.

Canadian Dollar forecast USD/CAD November 23, 2018

An additional signal in favor of the growth of the pair USD/CAD will be a rebound from the support area. And also test the lower boundary of the bullish channel. Earlier, a medium strength signal was received for BUY the Canadian Dollar pair. The signal was formed due to the intersection of signal lines at the level of 1.3195.

Canadian Dollar forecast USD/CAD November 23, 2018

Cancellation of the growth of quotations of the pair USD/CAD will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 1.3150. This scenario will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the pair. Expect acceleration of growth of USD/CAD quotes with the breakdown of the upper boundary of the upward channel and closing above the level of 1.3345.

Canadian Dollar forecast USD/CAD November 23, 2018 suggests an attempt to test the support level near the 1.3235 area. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.3395. Cancellation of the growth of the pair will be the breakdown of the 1.3150 area. This will indicate a continuation of the fall of the US Dollar against the Canadian Dollar.