AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7881; 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 0.7865 and then continue moving upwards to reach 0.7975. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the rising channel. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7785. 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 0.7250; 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 0.7225 and then continue moving upwards to reach 0.7350. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the rising channel. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7120. In this case, the pair may continue falling towards 0.7030.
USDCAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2534; 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 1.2560 and then continue moving downwards to reach 1.2455. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2595. In this case, the pair may continue growing towards 1.2650. After breaking the downside border of the cloud and fixing below 1.2420, the price may resume falling.
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 holds above 1.0650 after US data
EUR/USD retreats from session highs but manages to hold above 1.0650 in the early American session. Upbeat macroeconomic data releases from the US helps the US Dollar find a foothold and limits the pair's upside.
GBP/USD retreats toward 1.2450 on modest USD rebound
GBP/USD edges lower in the second half of the day and trades at around 1.2450. Better-than-expected Jobless Claims and Philadelphia Fed Manufacturing Index data from the US provides a support to the USD and forces the pair to stay on the back foot.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.