USD/CAD is in downtrend but we see it can rise to the trend line level. In yesterday's meeting Fed has kept its three rate hike target for 2018 intact so this will boost USD's strength.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after touching 1.20 level.
2. CCI is headed upward and is at high level.
3. On Balance volumes risng as compared to earlier ones.
4. Ichimoku Cloud suggests it is in downtrend.
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