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.
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 stays below 1.0700 after US data
EUR/USD stays in a consolidation phase below 1.0700 in the early American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold trades on the back foot, manages to hold above $2,300
Gold struggles to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to reverse its direction.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.