Article By RoboForex.com
AUD/USD
The AUD/USD is trading at 0.7264, above the Ichimoku cloud, which means there’s an uptrend forming. We expect a test of the upper cloud boundary at 0.7225, and then a rise to 0.7320, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7175, which will be a signal for a further fall to 0.7085 and below.
NZD/USD
The NZD/USD is trading at 0.6642, above the Ichimoku cloud, which means there’s an uptrend forming. We expect a test of the signal lines at 0.6635, and then a rise to 0.6725, which will be confirmed with the price bouncing off the ascending trend line. This rise may be prevented in case price breaks out the lower boundary and closes below 0.6590, which will be a signal for a further fall to 0.6525.
USD/CAD
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The USD/CAD is trading at 1.2959, below the Ichimoku cloud, which means there’s a downtrend forming. We expect a test of the lower cloud boundary at 1.2975, and then a downward pullback to 1.2840. which will be confirmed with the price bouncing off the lower boundary of the descending channel. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3030, which will be a signal for a further rise to 1.3155 and above.
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.