NZD/USD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6546; 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 at 0.6575 and then resume moving downwards to reach 0.6405. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.6705. In this case, the pair may continue growing towards 0.6805.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is trading at 1.3383; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3345 and then resume moving upwards to reach 1.3535. Another signal in favor of further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3165. In this case, the pair may continue falling towards 1.3075. To confirm further growth, the asset must break the pattern’s upside border and fix above 1.3445.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is trading at 78.22; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 77.70 and then resume moving upwards to reach 80.65. Another signal in favor of further uptrend will be a rebound from the rising channel’s upside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 74.65. In this case, the pair may continue falling towards 73.55.
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