Ichimoku Cloud Analysis: AUDUSD, NZDUSD, USDCAD
|AUD/USD
The AUD/USD is trading at 0.7264, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.7245, and then a rise to 0.7330, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7195, which will be a signal for a further fall to 0.7105 and below.
NZD/USD
The NZD/USD is trading at 0.6666, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.6645, and then a rise to 0.6735, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary and closes below 0.6600, which will be a signal for a further fall to 0.6525.
USD/CAD
The USD/CAD is trading at 1.2953, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 1.2965, and then the downtrend continuation to 1.2855, which may be confirmed with the price bouncing off the resistance area. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3030, which will be a signal for a further rise to 1.3145 and above.
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