Ichimoku Cloud Analysis: AUDUSD, NZDUSD, USDCAD

RoboForex Team RoboForex

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7119; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the upside border of the cloud at 0.7125 and then resume moving downwards to reach 0.7010. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7160. In this case, the pair may continue growing towards 0.7250. After breaking the cloud’s downside border and fixing below 0.7075, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6551; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6525 and then resume moving upwards to reach 0.6665. 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 0.6485. In this case, the pair may continue falling towards 0.6385.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3051; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3020 and then continue moving upwards to reach 1.3145. 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 1.2935. In this case, the pair may continue falling towards 1.2825.

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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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