AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7678; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to break the downside border of the cloud and continue moving downwards to reach 0.7580. Another strong signal to confirm further decline is “Head & Shoulders” reversal pattern. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7735. In this case, the pair may continue growing towards 0.7810.
NZD USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.6928; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the upside border of the cloud at 0.6930 and then continue moving downwards to reach 0.6810. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6970. In this case, the pair may continue growing towards 0.7060.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2715; 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 1.2700 and then continue moving upwards to reach 1.2850. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2675. In this case, the pair may continue falling towards 1.2580. After breaking the upside border of the cloud and fixing above 1.2870, the price may continue growing.
RoboForex Analytical Department