AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is testing the support area. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6650 is expected, followed by a decline to 0.6535. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 0.6745, which will mean further growth to 0.6835. Meanwhile, the decline can be confirmed by a breakout of the lower border of the bullish channel, securing under 0.6590.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is testing the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 136.35 is expected, followed by a rise to 138.75. An additional signal confirming the growth will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud, securing under 133.80, which will mean a further decline to 132.90.
XAUUSD, “Gold vs US Dollar”
Gold has left the borders of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 2000 is expected, followed by a decline to 1935. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 2045, which will mean further growth to 2075.
