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

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.

AUDUSD

 

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.

NZDUSD

 

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.

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.