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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6927; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6910 and then resume moving upwards to reach 0.7025. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6865. In this case, the pair may continue falling towards 0.6755.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6520; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6535 and then resume moving downwards to reach 0.6415. Another signal to confirm further descending movement is the price’s rebounding from the Triangle’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6565. In this case, the pair may continue growing towards 0.6655. After breaking the Triangle’s downside border and fixing below 0.6470, the price may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3508; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3495 and then resume moving upwards to reach 1.3585. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3455. In this case, the pair may continue falling towards 1.3375.