Ichimoku Cloud Analysis 25.07.2017 (AUD/USD, NZD/USD, USD/CAD)

AUD/USD

The AUD/USD pair is trading at 0.7933 currently. The pair keeps trading above the Ichimoku Cloud, and this suggests a rising tendency and a further upward move. A test of the upper edge of Ichimoku is expected. Also, the pair can test a support area near 0.7890, and then it can move higher towards 0.8040. If the lower edge of Ichimoku cloud is broken and price closes below 0.7780, this can be deemed as cancellation of further rise. In this case the pair can lower towards 0.7670 area.

NZD/USD

The NZD/USD pair is trading at 0.7431 currently. The pair keeps trading above the Ichimoku Cloud, and this suggests a rising tendency and a further upward move. A test of the area of Ichimoku's signal lines can be expected. Also, price can test a support area near 0.7390. If the lower edge of Ichimoku cloud is broken and price closes below 0.7320, this can be deemed as cancellation of further rise. In this case the pair can move lower towards 0.7245 area.

USD/CAD

The USD/CAD pair is trading at 1.2516 currently. The pair keeps trading below the Ichimoku cloud, and this suggests a downward tendency and a further move down. A test of the area of Ichimoku's signal lines near 1.2565 can be expected, and then the pair can move lower towards the 1.2355 area. If the upper edge of Ichimoku cloud is broken and price closes above 1.2740, this can be deemed as cancellation of further rise. In this case the pair can move higher towards 1.2910 area.