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Ichimoku Cloud Analysis 03.11.2017 (AUD/USD, NZD/USD, USD/CAD)

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7680; the instrument 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 0.7685 and continue moving downwards to reach 0.7590. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7745. In this case, the pair may continue growing towards 0.7820.

AUDUSD

 

NZD USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.6940; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.6905 and then continue moving upwards to reach 0.7010. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6835. In this case, the pair may continue falling towards 0.6730. After breaking the upside border of the cloud and fixing above 0.7020, the price may continue growing.

NZDUSD

 

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2804; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 1.2800 and then continue moving upwards to reach 1.3005. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2690. In this case, the pair may continue falling towards 1.2580.

USDCAD

 

RoboForex Analytical Department

 



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