AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is trading at 0.6843; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6825 and then resume moving upwards to reach 0.6905. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6760. In this case, the pair may continue falling towards 0.6695.

AUDUSD

 

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

NZD/USD is trading at 0.6508; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6485 and then resume moving upwards to reach 0.6575. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6385. In this case, the pair may continue falling towards 0.6305.

NZDUSD

 

USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD is trading at 1.3303; 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 1.3290 and then resume moving upwards to reach 1.3395. 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 1.3235. In this case, the pair may continue falling towards 1.3155. After breaking Triangle’s upside border and fixing above 1.3335, the price may continue moving upwards.

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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