USDCHF, “US Dollar vs Swiss Franc”
USDCHF is pushing off the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.8935 is expected, followed by a rise to 0.9075. An additional signal confirming the rise will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud, securing under 0.8875, which will mean a further decline to 0.8785.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is testing the Tenkan-Sen line of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.3495 is expected, followed by a rise to 1.3675. An additional signal confirming the rise will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud, securing under 1.3370, which will mean a further decline to 1.3280.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is correcting after a serious decline. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 0.6695 is expected, followed by a decline to 0.6545. An additional signal confirming the decline will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 0.6790, which will mean further growth to 0.6880. Meanwhile, the decline can be confirmed by a breakout of the lower border of the bullish channel, securing under 0.6590.
