AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7385; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7370 and then resume moving upwards to reach 0.7465. 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 downside border of the cloud and fixes below 0.7360. In this case, the pair may continue falling towards 0.7270.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6760; 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 0.6800 and then continue moving downwards to reach 0.6685. 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 0.6835. In this case, the pair may continue growing towards 0.6920.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3199; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the downside border of the cloud at 1.3140 and then continue moving upwards to reach 1.3295. 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 downside border of the cloud and fixes below 1.3080. In this case, the pair may continue falling towards 1.3010.
