Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.3156. The pair is trading below the lower limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend for the US Dollar/Canadian Dollar pair. As part of the Canadian Dollar Forecast USD/CAD March 1, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level 1.3180. Where should we expect an attempt to rebound and continue the fall of the pair USD/CAD with a potential target at the level of 1.3035.

Canadian Dollar Forecast USD/CAD March 1, 2019

An additional signal in favor of reducing the pair USD/CAD will be a rebound from the resistance area. And also test the upper limit of the model «Triangle». Earlier, a strong signal was received for SELL the US Dollar/Canadian Dollar pair. The signal was formed due to the crossing of signal lines at the level of 1.3165.

Canadian Dollar Forecast USD/CAD March 1, 2019

Cancellation of the option to reduce the USD/CAD pair quotes will be the breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 1.3235. Such a scenario will indicate a change in the downward trend in favor of the upward trend and continued growth of the pair. Expect acceleration of the fall of the USD/CAD quotes with the breakdown of the support area and closing below the level of 1.3105.

Canadian Dollar Forecast USD/CAD March 1, 2019 involves an attempt to test the resistance level near 1.3180. Where can we expect to continue the fall of the currency pair with a potential target near the level of 1.3035. Cancel the option to reduce the pair will breakdown of 1.3235 area. This will indicate a continued appreciation of the US Dollar against the Canadian Dollar.