Ichimoku Cloud Analysis 03.08.2017 (AUD/USD, NZD/USD, USD/CAD)

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7925; it is breaking the downside border of Ichimoku Cloud, which means that the current tendency may change to a descending one and the price may continue falling. We should expect the price to test the broken border of the cloud and then continue moving downwards below 0.7830. However, this scenario may be cancelled if the price breaks the upside border of the cloud and fixes above 0.8005. In this case, the instrument may continue growing towards 0.8115.

NZD/USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.7428; it broke the downside border of Ichimoku Cloud, which means that the tendency may change to a descending one. We should expect the price to test the broken border of the cloud and then continue falling towards 0.7320. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7510. In this case, the instrument may continue growing towards 0.7610.

USD/CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2601; it broke the upside border of Ichimoku Cloud, which means that the current tendency may change to an ascending one. We should expect the price to test the broken border of the cloud at 1.2560 and then continue moving upwards to reach 1.2710. However, this scenario may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2485. In this case, the instrument may continue falling towards 1.2310 and lower.

RoboForex Analytical Department