GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is rebounding from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2695 is expected, followed by a decline to 1.2555. An additional signal confirming the decline could be a rebound from the upper boundary of the bearish channel. The scenario could be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 1.2725, which will mean a further rise to 1.2815.
XAUUSD, “Gold vs US Dollar”
Gold has found a foothold above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2040 is expected, followed by a rise to 2090. 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 finding a foothold under 2010, which will mean a further decline to 1975.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has left the boundaries of the bullish correction channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 0.6565 is expected, followed by a decline to 0.6425. An additional signal confirming the decline could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 0.6630, which will mean a further rise to 0.6720.
