AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7534; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the upside border of the cloud at 0.7545 and then continue moving downwards to reach 0.7445. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7555. In this case, the pair may continue growing towards 0.7640.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6967; 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 0.6990 and then continue moving downwards to reach 0.6835. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7040. In this case, the pair may continue growing towards 0.7150.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.2760; 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 1.2825 and then continue moving downwards to reach 1.2645. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2930. In this case, the pair may continue growing towards 1.3050.
RoboForex Analytical Department