Article By RoboForex.com
AUD/USD
The AUD/USD is trading at 0.7214, above the Ichimoku cloud, which means there’s an uptrend forming. We expect a test of the upper cloud boundary at 0.7185, and then a rise to 0.7310, which will be confirmed with the price bouncing off the upper boundary of the descending channel. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7145, which will be a signal for a further fall to 0.7005 and below. Once the price breaks out the resistance area and stays above 0.7255, this will conversely confirm the price is going to rise.
NZD/USD
The NZD/USD is trading at 0.6599, above the Ichimoku cloud, which means there’s an uptrend forming. We expect a test of the signal lines at 0.6585, and then a rise to 0.6675, which will be confirmed with the price bouncing off the upper boundary of the triangle pattern. This rise may be prevented in case price breaks out the lower boundary and closes above 0.6530, which will be a signal for a further fall to 0.6450 and below. Once the price breaks out the resistance area and stays above 0.6635, this will conversely confirm the price is going to rise.
USD/CAD
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The USD/CAD is trading at 1.3023, below the Ichimoku cloud, which means there’s a downtrend forming. We expect a test of the signal lines at 1.3055, and then the fall is likely to continue to 1.2865, which will be confirmed with the price bouncing off the lower boundary of the ascending channel. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3105, which will be a signal for a further rise to 1.3250 and above. Conversely, the fall will be confirmed with the support breakout and the price closing below 1.2965, which will start a descending flag pattern.
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.
