Ichimoku Cloud Analysis: AUD/USD, NZD/USD, USD/CAD
|AUD/USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7983; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.8025 and continue moving downwards to reach 0.7885. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 0.8050. In this case, the pair may continue growing towards 0.8150.
NZD/USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.7280; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud and then continue moving upwards to reach 0.7405. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7225. In this case, the pair may continue falling towards 0.7130.
USD/CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2180; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the upside border of the cloud at 1.2310 and then continue moving downwards to reach 1.2170. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2330. In this case, the pair may continue growing towards 1.2450.
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