Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7515; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7535 and then continue moving downwards to reach 0.7430. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the descending channel. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7610. In this case, the pair may continue growing towards 0.7690.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.7023; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7055 and then continue moving downwards to reach 0.6930. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7140. In this case, the pair may continue growing towards 0.7220.
USDCAD, “US Dollar vs Canadian Dollar”
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USDCAD is trading at 1.2817; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 1.2815 and then continue moving upwards to reach 1.2970. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further decline may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2700. In this case, the pair may continue falling towards 1.2610.
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.
