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

RoboForex Team RoboForex

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair is trading at 0.7833; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the broken border of the cloud at 0.7810 and continue moving upwards to reach 0.7925. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7760. In this case, the pair may continue falling towards 0.7690.

NZDUSD, "New Zealand Dollar vs US Dollar"

The NZD/USD pair is trading at 0.7139; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the upside border of the cloud at 0.7145 and then continue moving downwards to reach 0.7090. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7155. In this case, the pair may continue growing towards 0.7255. If the price fixes below 0.7060, the descending tendency may continue.

USDCAD, "US Dollar vs Canadian Dollar"

The USD/CAD pair is trading at 1.2463; 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 1.2465 and then continue moving downwards to reach 1.2345. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2550. In this case, the pair may continue growing towards 1.2640.

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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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