USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.3805 is expected, followed by a rise to 1.3930. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 1.3725, which will mean a further decline to 1.3635.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is correcting after a rebound from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 0.6425 is expected, followed by a decline to 0.6295. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 0.6475, which will mean further growth to 0.6565. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the ascending channel with the quotes securing under the 0.6385 level.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is declining within a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.9110 is expected, followed by a rise to 0.9245. An additional signal confirming the rise will be a rebound from the lower boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 0.9035, which will mean a further decline to 0.8945. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the Triangle pattern with the quotes securing above the 0.9160 level.
