Article By RoboForex.com
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7975; it is still testing Ichimoku Cloud. We should expect the price to test 0.7975 and then continue moving downwards below 0.7880. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 0.8020. In this case, the instrument may continue growing towards 0.8125. To confirm the descending tendency, the pair has to break 0.7905.
NZD/USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.7434; it 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 0.7440 and then continue falling towards 0.7320. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7510. In this case, the instrument may continue growing towards 0.7610.
USD/CAD, “US Dollar vs Canadian Dollar”
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
The USD/CAD pair is trading at 1.2561; it is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the broken border of the cloud at 1.2545 and then continue moving upwards to reach 1.2700. However, this scenario may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2485. In this case, the instrument may continue falling towards 1.2310 and lower.
RoboForex Analytical Department
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.
