Ichimoku Cloud Analysis 19.07.2017 (AUD/USD, NZD/USD, USD/CAD)

AUD/USD

The AUD/USD pair keeps trading at 0.7923. The pair keeps trading above the Ichimoku Cloud, and this suggests an ascending tendency on the market and further rise. A test of the area of Ichimoku's signal lines can be expected. Also, a test of the support area near 0.7845 is possible. Then the pair can climb higher above the 0.8000 level. If the price breaks through the lower edge of Ichimoku Cloud and closes below 0.7710, this will be seen as cancellation of further rise.

NZD/USD

The NZD/USD pair is trading at 0.7363. The pair keeps trading above the Ichimoku Cloud, and this suggests an ascending tendency on the market and further rise. A test of the area of Ichimoku's signal lines near 0.7325 can be expected. After that the pair can move higher above 0.7420. If the price breaks through the lower edge of Ichimoku Cloud and closes below 0.7275, this will be seen as cancellation of further rise. In case this happens, the pair can lower deeper towards the 0.7185 area.

USD/CAD

The USD/CAD pair is trading at 1.2633. The pair keeps trading below the Ichimoku Cloud, and this suggests a downward tendency on the market and a deeper downward move. A test of the area of Ichimoku signal lines can be expected. Also, the price can test the resistance area at 1.2715. After that it can lower deeper towards 1.2470 area. If the price breaks through the upper edge of Ichimoku Cloud and closes above 1.2800 level, this can be seen as cancellation of further downward move. If this happens, the pair can climb higher above 1.2920.