GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD has gained a foothold above the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2505 is expected, followed by a rise to 1.2685. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.2335, which will signal a further decline to 1.2245.
USD/CAD, “US Dollar vs Canadian Dollar”
USDCAD is rebounding from the support level. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.3675 is expected, followed by a decline to 1.3495. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud, with the price securing above 1.3765, indicating further growth to 1.3855.
NZD/USD, “New Zealand Dollar vs US Dollar”
NZDUSD is testing the upper boundary of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.5945 is expected, followed by a rise to 0.6055. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 0.5875, which will signal a further decline to 0.5785. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price establishing itself above 0.5995.
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