Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.3301. The pair is trading inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a side trend for the US dollar Canadian Dollar pair. As part of the Canadian Dollar Forecast USD/CAD March 15, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 1.3345. Where can we expect an attempt to rebound and continue to fall in the pair USD/CAD with a potential goal at the level of 1.3125.

Canadian Dollar Forecast USD/CAD March 15, 2019

An additional signal in favor of the fall of the USD/CAD pair will be a rebound from the resistance area. The second signal will be the test of the lower boundary of the ascending channel. Earlier, a weak signal was received for SELL the pair US Dollar/Canadian Dollar. The signal was formed due to the intersection of signal lines at the level of 1.3405.

Canadian Dollar Forecast USD/CAD March 15, 2019

Canceling the option of falling quotes of the USD/CAD pair will be a breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 1.3435. Such a scenario would indicate a change in the side trend in favor of an upward trend and continued growth of the pair. Expect to accelerate the decline of the USD/CAD quotes with the breakdown of the lower boundary of the Indicator cloud and closing below 1.3255.

Canadian Dollar Forecast USD/CAD March 15, 2019 involves an attempt to test the resistance level near the 1.3345 area. Where can we expect to continue to reduce the currency pair with a potential target near the level of 1.3125. Cancellation of the fall of the pair will break the area of ​​1.3435. This will indicate a continued appreciation of the US Dollar against the Canadian Dollar.