Ichimoku Cloud Analysis: AUDUSD, NZDUSD, USDCAD
|AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7234; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7225 and then resume moving upwards to reach 0.7360. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7210. In this case, the pair may continue falling towards 0.7100.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6815; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6790 and then resume moving upwards to reach 0.6955. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6730. In this case, the pair may continue falling towards 0.6655.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3297; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3245 and then resume moving upwards to reach 1.3400. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3145. In this case, the pair may continue falling towards 1.3045. After breaking the channel’s upside border and fixing above 1.3340, the price may continue moving upwards.
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