NZD/USD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7224; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7195 and then resume moving upwards to reach 0.7385. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 0.7145. In this case, the pair may continue falling towards 0.7055. To confirm further growth, the asset must break the cloud’s upside border and fix above 0.7275.

NZDUSD

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7765; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7725 and then resume moving upwards to reach 0.7925. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7665. In this case, the pair may continue falling towards 0.7575. To confirm further growth, the asset must break the resistance area and fix above 0.7805, thus indicating the completion of a Head & Shoulders reversal pattern.

AUDUSD

EUR/USD, “Euro vs US Dollar”

EURUSD is trading at 1.2213; 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 the cloud’s downside border at 1.2235 and then resume moving downwards to reach 1.2050. Another signal in favor of further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.2315. In this case, the pair may continue growing towards 1.2405.

EURUSD

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