AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7017; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6995 and then resume moving upwards to reach 0.7085. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the cloud’s downside border and fixes below 0.6935. In this case, the pair may continue falling towards 0.6855.
NZDUSD
NZDUSD is trading at 0.6622; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6680 and then resume moving downwards to reach 0.6585. Another signal to confirm further descending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further decline may be cancelled if the price breaks the cloud’s upside border and fixes above 0.6710. In this case, the pair may continue growing towards 0.6795. After breaking Double Top’s downside border and fixing below 0.6640, the price may continue moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3061; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3085 and then resume moving downwards to reach 1.2915. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the cloud’s upside border and fixes above 1.3115. In this case, the pair may continue growing towards 1.3205.
