Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD

RoboForex Team RoboForex

AUD/USD

The AUD/USD is trading at 0.7365, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.7385, and then a downward pullback to 0.7300. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7435, which will be a signal for a further rise to 0.7525 and above. Conversely, the fall will be confirmed once the ascending channel bottom boundary gets broken out and the price closes below 0.7350.

NZD/USD

The NZD/USD is trading at 0.6761, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.6775, and then a fall to 0.6655 and below. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6795, which will be a signal for a further rise to 0.6850 and above. Conversely, the fall will be confirmed once the bottom boundary of the triangle pattern gets broken out and the price closes below 0.6720.

USD/CAD

The USD/CAD is trading at 1.3223, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 1.3165, and then an upward pullback to 1.3305, which may be confirmed with the price bouncing off the support. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3115, which will be a signal for a further fall to 1.3010 and below.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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