AUDUSD, "Australian Dollar vs US Dollar"
The AUD/USD pair is trading at 0.7969; 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 0.8000 and continue moving downwards to reach 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 0.8160.
NZD/USD, "New Zealand Dollar vs US Dollar"
The NZD/USD pair is trading at 0.7316; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border at 0.7275 and then continue moving upwards to reach 0.7430. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7235. In this case, the pair may continue falling towards 0.7120.
USD/CAD, "US Dollar vs Canadian Dollar"
The USD/CAD pair is trading at 1.2345; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen at 1.2285 and then continue moving upwards to reach 1.2505. However, this scenario may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2155. In this case, the pair may continue falling towards 1.2050.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
EUR/USD retreats below 1.0700 after US GDP data
EUR/USD came under modest bearish pressure and retreated below 1.0700. Although the US data showed that the economy grew at a softer pace than expected in Q1, strong inflation-related details provided a boost to the USD.
GBP/USD declines below 1.2500 as USD rebounds
GBP/USD declined below 1.2500 and erased the majority of its daily gains with the immediate reaction to the US GDP report. The US economy expanded at a softer pace than expected in Q1 but the price deflator jumped to 3.4% from 1.8%.
Gold drops below $2,320 as US yields shoot higher
Gold lost its traction and turned negative on the day below $2,320 in the American session on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day above 4.7% after US GDP report, weighing on XAU/USD.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.