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

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7995; 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 and continue moving downwards below 0.7870. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 0.8045. In this case, the pair may continue growing towards 0.8170.

AUDUSD

 

NZD/USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.7239; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to rebound from the upside border of the cloud and continue moving downwards to reach 0.7145. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7280. In this case, the pair may continue growing towards 0.7350.

NZDUSD

 

USD/CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2168; 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 1.2170 and then continue moving downwards below 1.1970. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2270. In this case, the pair may continue growing towards 1.2470.

USDCAD

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.