Good day Traders,

I would like to share with you my forecast of the USD/CAD currency pair.

As I see on monthly time-frame the price has stuck between 1.2000 (support level in 2004, 2009, 2015, resistance level in: 2007) and 1.2800 (support level in: 2004, resistance level in: 2005, 2008,2009, 2014, 2015) support/resistance levels.
All Ichimoku sings are bullish on this time-frame.


USD/CAD - Monthly time-frame

On weekly time-frame I see the same thing just like on the monthly time-frame with pure bullish Ichimokus signs.


USD/CAD - Weekly time-frame

And let's see what is happening on daily time-frame. The trend is slightly undecided to me but there is so huge possibility for a Kumo twist and a Chinkou span breakout what can make my expectation stronger in middle-term.


USD/CAD - Daily time-frame

As you can see I'm expecting more bullish movement in the next 2 month and I think the breakout from the range will happen in the end of the month.

Good luck Traders!
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