AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is trading at 0.6847; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6805 and then resume moving upwards to reach 0.6995. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6765. In this case, the pair may continue falling towards 0.6685. After breaking the cloud’s upside border and fixing above 0.6875, the price may continue moving upwards.
NZD/USD, “New Zealand Dollar vs US Dollar”
NZD/USD is trading at 0.6336; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6350 and then resume moving downwards to reach 0.6250. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6370. In this case, the pair may continue growing towards 0.6455. After breaking the rising channel’s downside border and fixing below 0.6295, the price may continue moving downwards.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is trading at 1.3257; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3245 and then resume moving upwards to reach 1.3365. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.3271. In this case, the pair may continue falling towards 1.3125. After breaking the cloud’s upside border and fixing above 1.3305, the price may continue moving upwards.
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AUD/USD recovers further toward 0.6800 on risk-recovery
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USD.JPY reverses sharply from 144.00, as US Dollar recovery fizzles
USD/JPY is attacking 143.00 in Thursday's Asian session, reversing sharply from 144.00. The pair pares back gains in tandem with the US Dollar, as the latter's post-Fed recovery falters due to a rebound in risk sentiment. The focus is next on the US data due later today and Friday's BoJ decision.
Gold price regains positive traction amid a modest USD pullback from one-week high
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Australian Unemployment Rate expected to hold steady at 4.2% in August
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