AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7618; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the upside border of the cloud at 0.7620 and then continue moving downwards to reach 0.7580. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7630. In this case, the pair may continue growing towards 0.7730. After breaking the downside border of the cloud and fixing below 0.7550, the price may resume falling.
NZD USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.6882; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the upside border of the cloud at 0.6885 and then continue moving downwards to reach 0.6835. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6895. In this case, the pair may continue growing towards 0.7010. After breaking the downside border of the cloud and fixing below 0.6820, the price may resume falling.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2701; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the broken border of the cloud at 1.2740 and then continue moving downwards to reach 1.2590. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2800. In this case, the pair may continue growing towards 1.2905.
RoboForex Analytical Department