AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is trading at 0.6771; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6745 and then resume moving upwards to reach 0.6860. 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 canceled if the price breaks the cloud’s downside border and fixes below 0.6705. In this case, the pair may continue falling towards 0.6615.

AUDUSD

 

NZD/USD, “New Zealand Dollar vs US Dollar”

NZD/USD is trading at 0.6317; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6285 and then resume moving upwards to reach 0.6410. Another signal to confirm further ascending movement is the price’s rebounding from the support level and forming Head & Shoulders reversal pattern. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6255. In this case, the pair may continue falling towards 0.6175. After breaking the neckline and fixing above 0.6345, the price may continue moving upwards. However, bears managed to “defend” the resistance level at 0.6335 so far, because it’s the second time the price is rebounding from it.

NZDUSD

 

USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD is trading at 1.3284; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3295 and then resume moving downwards to reach 1.3170. 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 1.3355. In this case, the pair may continue growing towards 1.3395. After breaking the rising channel’s downside border and fixing below 1.3220, the price may continue moving downwards.

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.

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