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

RoboForex Team RoboForex

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7929; 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 0.7825. 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 0.7284; 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 0.7425. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7230. 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 1.2310; 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.

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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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