AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7672; it is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen along with the support level at 0.7650, and then continue moving upwards above 0.7740. However, this scenario may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7590. In this case, the instrument may continue falling towards 0.7535 and lower.
NZD/USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.7312; it 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 0.7290 and then continue moving upwards above 0.7390. Earlier, Tenkan-Sen and Kijun-Sen intersected and formed “Golden cross”, thus providing a strong signal for opening long positions. However, the scenario that implies growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7255. In this case, the instrument may continue falling towards 0.7190 and lower.
USD/CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2982; it 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 1.3045 and then continue moving downwards to reach 1.2840. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3190. In this case, the instrument may continue growing towards 1.3320 and higher.
RoboForex Analytical Department