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

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7627; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7640 and then continue moving downwards to reach 0.7520. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7715. In this case, the pair may continue growing towards 0.7810.

AUDUSD

 

NZDUSD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.6850; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the broken border of the cloud at 0.6890 and then continue moving downwards to reach 0.6740. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6965. In this case, the pair may continue growing towards 0.7050.

NZDUSD

 

USDCAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2745; 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 1.2770 and then continue moving downwards to reach 1.2580. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2810. In this case, the pair may continue growing towards 1.2940.

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.