CADCHF, “Canadian Dollar vs Swiss Franc”
CADCHF is trading at 0.6897; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6885 and then resume moving upwards to reach 0.6985. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.6845. In this case, the pair may continue falling towards 0.6755. To confirm further growth, the asset must break the upside border of a Triangle pattern and fix above 0.6935.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 106.41; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 106.15 and then resume moving upwards to reach 106.90. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 105.95. In this case, the pair may continue falling towards 105.05.
AUDNZD, “Australian Dollar vs New Zealand Dollar”
AUDNZD is trading at 1.0974; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0965 and then resume moving upwards to reach 1.1135. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.0905. In this case, the pair may continue falling towards 1.0815. To confirm further growth, the asset must break the upside border of the Triangle pattern and fix above 1.1040.
