AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7930; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud t 0.7920 and then continue moving upwards above 0.8010. However, this scenario may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7890. In this case, the pair may continue falling towards 0.7805.
NZD/USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.7157; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7180 and then continue moving downwards to reach 0.7055. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7285. In this case, the pair may continue growing towards 0.7350.
USD/CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2657; the instrument has broken the downside border of Ichimoku Cloud, which means that the tendency reversed downwards. We should expect the price to test the broken border of the cloud at 1.2500 and then continue moving downwards below 1.2370. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2570. In this case, the pair may continue growing towards 1.2720.
RoboForex Analytical Department