Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, July 24, 2018
AUD/USD
The AUD/USD is trading at 0.7368, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.7385, and then a downward pullback to 0.7305. which may be confirmed with the price bouncing off the resistance. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7425, which will be a signal for a further rise to 0.7495 and above.
NZD/USD
The NZD/USD is trading at 0.6770, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.6780, and then a fall to 0.6695 and below, which may be confirmed with the price bouncing off the resistance. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6805, which will be a signal for a further rise to 0.6900 and above.
USD/CAD
The USD/CAD is trading at 1.3182, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 1.3160, and then a rise to 1.3275 and above, which may be confirmed with the price bouncing off the resistance. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3130, which will be a signal for a further fall to 1.3005 and below.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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