EUR/USD, “Euro vs US Dollar”
EURUSD has consolidated under the lower border of the bullish channel. The pair is moving inside the Ichimoku Cloud, suggesting a sideways movement. A test of the upper boundary of the Cloud indicator at 1.0845 is expected, followed by a fall to 1.0695. A rebound from the lower boundary of the bullish channel would signal a decline in quotes. This scenario can be invalidated by the upper boundary of the Cloud, with the price securing above 1.0885, indicating a rise to 1.0975. Conversely, a decrease could be confirmed by a breakout of the lower boundary of the ascending channel, with the price securing below 1.0785.
NZD/USD, “New Zealand Dollar vs US Dollar”
NZDUSD is testing the indicator signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 0.6095 is expected, followed by a rise to 0.6235. An additional signal confirming the surge will be a rebound from the lower boundary of the bullish channel. A breakout below the lower boundary of the Cloud would invalidate this scenario, with the price securing below 0.6045, indicating a decline to 0.5955. Conversely, the rise could be confirmed by a breakout of the upper boundary of the bearish correction channel, with the price securing above 0.6155.
USD/CAD, “US Dollar vs Canadian Dollar”
USDCAD is moving away from the upper boundary of the bullish channel and above the Ichimoku Cloud, indicating a potential uptrend. A test of the Kijun-Sen line at 1.3640 is expected, followed by a rise to 1.3830. An additional signal confirming the surge will be a rebound from the lower boundary of the bullish channel. The scenario can be negated by a breakout below the lower boundary of the Cloud, with the price securing below 1.3595, indicating a decline to 1.3505. Conversely, the rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price securing above 1.3745.
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