Ichimoku Cloud Analysis: AUDUSD, NZDUSD, USDCAD

RoboForex Team RoboForex

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7584; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7550 and then continue moving upwards to reach 0.7675. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7465. In this case, the pair may continue falling towards 0.7370.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6956; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6940 and then continue moving upwards to reach 0.7045. 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 0.6880. In this case, the pair may continue falling towards 0.6805.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2764; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 1.2830 and then continue moving downwards to reach 1.2650. 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 cancelled if the price breaks the upside border of the cloud and fixes above 1.2880. In this case, the pair may continue growing towards 1.2960. After breaking the downside border of the Triangle pattern and fixing below 1.2720, the price may continue moving downwards.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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