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Ichimoku Cloud Analysis 07.07.2017 (AUD/USD, NZD/USD, USD/CAD)

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7592; it is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud close to 0.7620 and then continue moving downwards below 0.7530. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7650. In this case, the instrument may continue growing towards 0.7740.

 

NZD/USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.7279; it is moving inside Ichimoku Cloud, which means that it will continue moving sideways until leaving the cloud. We should expect the price to test the downside border of the cloud at 0.7270 and then continue moving upwards to reach the upside one at 0.7305. If the pair breaks the upside border and fixes above 0.7320, the price may continue moving upwards. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7250. In this case, the instrument may continue falling towards 0.7180 and lower.

 

USD/CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2984; it is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 1.3010 and then and then continue moving downwards to reach 1.2810. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3140. In this case, the instrument may continue growing towards 1.3230 and higher.

 

RoboForex Analytical Department

 



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