Ichimoku Cloud Analysis: AUD/USD, NZD/USD, USD/CAD
|AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7591; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7620 and then continue moving downwards to reach 0.7510. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7715. In this case, the pair may continue growing towards 0.7810.
NZD USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.6874; 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 0.6890 and then continue moving downwards to reach 0.6760. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6965. In this case, the pair may continue growing towards 0.7050.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2725; 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 1.2730 and then continue moving downwards to reach 1.2610. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2810. In this case, the pair may continue growing towards 1.2890.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.