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Ichimoku Cloud Analysis 17.01.2018 (AUD/USD, NZD/USD, USD/CAD)

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7946; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7915 and then continue moving upwards to reach 0.8060. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the rising channel. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7845. In this case, the pair may continue falling towards 0.7760.

AUDUSD

 

NZD USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.7237; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7230 and then continue moving upwards to reach 0.7390. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the rising channel. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7150. In this case, the pair may continue falling towards 0.7050.

NZDUSD

 

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2454; 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 1.2475 and then continue moving downwards to reach 1.2305. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2535. In this case, the pair may continue growing towards 1.2650. In the evening, the Bank of Canada is expected to publish the Interest Rate Decision, which may significantly influence the USD/CAD pair movement.

USDCAD

 

RoboForex Analytical Department

 



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