AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is trading at 0.6842; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6855 and then resume moving downwards to reach 0.6695. Another signal to confirm further descending movement is the price’s rebounding from the neckline of Head & Shoulders reversal pattern. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6925. In this case, the pair may continue growing towards 0.7005. After breaking the rising channel’s downside border and fixing below 0.6805, the price may continue moving downwards.
NZD/USD, “New Zealand Dollar vs US Dollar”
NZD/USD is trading at 0.6592; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6620 and then resume moving downwards to reach 0.6500. 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 0.6645. In this case, the pair may continue growing towards 0.6735.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is trading at 1.3080; 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 1.3055 and then resume moving upwards to reach 1.3175. Another signal to confirm further ascending movement is the price’s rebounding from Triangle’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 1.3015. In this case, the pair may continue falling towards 1.2945.
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Editors’ Picks
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
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Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
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