Article By RoboForex.com
AUD/USD
The AUD/USD is trading at 0.7914 currently. The pair keeps trading above the Ichimoku Cloud, and this suggests a rising tendency and further rise. A test of the area of Ichimoku’s signal lines can be expected. Also, the pair can test the support area near 0.7855, and then it can start yet another ascending wave above 0.8070. If the lower edge of the Ichimoku Cloud is broken and price closes below 0.7735, this can be seen as cancellation of further rise. In this case the pair can lower further towards 0.7645.
NZD/USD
The NZD/USD pair is trading at 0.7434. The pair keeps trading above the Ichimoku Cloud, and this suggests a rising tendency and further rise. A test of the area of Ichimoku’s signal lines near 0.7380 can be expected. And then the pair can continue rising towards 0.7475. If the lower edge of the Ichimoku Cloud is broken and price closes below 0.7275, this can be seen as cancellation of further rise. In this case the pair can lower further towards 0.7205.
USD/CAD
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The USD/CAD is trading at 1.2571 currently. The pair keeps trading below the Ichimoku Cloud, and this suggests a downward tendency and further falling down. A test of the area of Ichimoku’s Cloud signal lines can be expected. Also, a resistance area near 1.2630 can be reached; after that the pair can fall further to reach 1.2385 area. If the upper edge of the Ichimoku Cloud is broken and price closes above 1.2750, this can be seen as cancellation of further downward move. In this case the pair can rise towards 1.2920.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
