Article By RoboForex.com
AUDUSD
The AUDUSD is trading at 0.7090, below the Ichimoku cloud, which means there’s a downtrend forming. We are expecting a test of the lower cloud boundary at 0.7105, and then a downward pullback to 0.7020, which may be confirmed with the price bouncing off the resistance area. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7115, which will be a signal for a further rise to 0.7205 and above. Conversely, the fall will be confirmed once the bottom boundary of the triangle pattern gets broken out and the price closes below 0.7055.
NZDUSD
The NZDUSD is trading at 0.6821, below the Ichimoku cloud, which means there’s a downtrend forming. We are expecting a test of the lower cloud boundary at 0.6830, and then a downward pullback to 0.6745, which may be confirmed with the price bouncing off the resistance area. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6865, which will be a signal for a further rise to 0.6985.
USDCAD
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The USDCAD is trading at 1.3406, above the Ichimoku cloud, which means there’s an uptrend forming. We are expecting a test of the upper cloud boundary at 1.3375, and then a downward pullback to 1.3535, which will be confirmed with the price bouncing off the lower boundary of the ascending channel. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3320, which will be a signal for a further fall to 1.3215.
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.
