AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7532; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7555 and then continue moving downwards to reach 0.7410. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the descending channel. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7600. In this case, the pair may continue growing towards 0.7690.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.7019; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7045 and then continue moving downwards to reach 0.6890. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the descending channel. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7115. In this case, the pair may continue growing towards 0.7200.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.2854; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the support area at 1.2810 and then continue moving upwards to reach 1.2990. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2740. In this case, the pair may continue falling towards 1.2610. After breaking the upside border of the descending channel and fixing above 1.2895, the price may continue moving upwards.
RoboForex Analytical Department