Ichimoku Analysis: AUDUSD, NZDUSD, USDCAD, 27/03/2019
AUDUSD
The AUDUSD is trading at 0.7103, above the Ichimoku cloud, which means there's an uptrend forming. We are expecting a test of the upper cloud boundary at 0.7100, and then a downward pullback to 0.7200, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7065, which will be a signal for a further fall to 0.6975 and below. The rise confirmed once the upper boundary of the triangle is broken out and the price closes above 0.7155.
NZDUSD
The NZDUSD is trading at 0.6798, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the signal lines at 0.6835, and then a fall to 0.6715, which may be confirmed with the price bouncing off the resistance area. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6905, which will be a signal for a further rise to 0.6995. Conversely, the fall will be confirmed once the bottom boundary gets broken out and the price closes below 0.6765.
USDCAD
The USDCAD is trading at 1.3392, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the signal lines at 1.3370, and then an upward pullback to 1.3535, which will be confirmed with the price bouncing off the lower boundary of the ascending channel. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3290, which will be a signal for a further fall to 1.3175.
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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