Article By RoboForex.com
AUD/USD
The AUD/USD is trading at 0.7424, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the upper cloud boundary at 0.7435, and then a downward pullback to 0.7325. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7455, which will be a signal for a further rise to 0.7525 and above. Conversely, the fall will be confirmed once the bottom boundary gets broken out and the price closes below 0.7380.
NZD/USD
The NZD/USD is trading at 0.6822, above the Ichimoku cloud, which means there’s an uptrend forming. We expect a test of the upper cloud boundary at 0.6805, and then a rise to 0.6920 and above, which may be confirmed with the price bouncing off the resistance. This rise may be prevented in case price breaks out the lower boundary and closes below 0.6750, which will be a signal for a further fall to 0.6670 and below. The rise will get confirmed once the upper boundary of the triangle is broken out and the price closes above 0.6850.
USD/CAD
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The USD/CAD is trading at 1.3124, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the lower cloud boundary at 1.3120, and then an upward pullback to 1.3235, which will be confirmed with the price bouncing off the lower boundary of the descending channel. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3080, which will be a signal for a further fall to 1.3010 and below. The rise will get confirmed once the upper cloud boundary is broken out and the price closes above 1.3205.
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.
