AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7716; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the downside border of the cloud at 0.7700 and continue moving upwards to reach 0.7750. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7660. In this case, the pair may continue falling towards 0.7600. After breaking the downside border of the cloud and fixes above 0.7770, the price may continue growing.
NZD USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.6918; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the downside border of the cloud at 0.6890 and then continue moving upwards to reach 0.6920. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6835. In this case, the pair may continue falling towards 0.6730. After breaking the upside border of the cloud and fixes above 0.7020, the price may continue growing.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2833; 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 at 1.2815 and then continue moving upwards to reach 1.3010. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2690. In this case, the pair may continue falling towards 1.2580.
RoboForex Analytical Department