AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7991; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7945 and then continue moving upwards to reach 0.8120. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the rising channel. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7880. In this case, the pair may continue falling towards 0.7780.
NZD USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.7279; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7270 and then continue moving upwards to reach 0.7415. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7195. In this case, the pair may continue falling towards 0.7090. After breaking the upside border of the Triangle pattern and fixing above 0.7335, the price may continue growing.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2480; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the Triangle pattern at 1.2490 and then move downwards to reach 1.2285. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the pattern and fixes above 1.2535. In this case, the pair may continue growing towards 1.2650.
RoboForex Analytical Department