Ichimoku Cloud Analysis 26.07.2017 (AUD/USD, NZD/USD, USD/CAD)
AUD/USD
The AUD/USD pair is trading at 0.7888. The pair keeps trading above the Ichimoku cloud, and this suggests a rising tendency and further rise of the pair. The pair is testing the upper edge of Ichimoku cloud. Price can rebound from it and then can move hight towards 0.8020. If the lower edge of Ichimoku cloud is broken through and price closes below 0.7780, this will suggest further decline of the pair towards 0.7670 area.
NZD/USD
The NZD/USD pair is trading at 0.7420 level. The pair keeps trading above the Ichimoku cloud, and this suggests a rising tendency and further rise of the pair. A test of the area of Ichimoku's signal lines can be expected while price can also test a support level near 0.7395. After that the pair can move higher towards 0.7500. If the lower edge of Ichimoku cloud is broken through and price closes below 0.7330, this will suggest further decline of the pair towards 0.7255 area.
USD/CAD
The USD/CAD pair is trading at 1.2513. The pair keeps trading below the Ichimoku cloud, and this suggests a downward tendency and further descending move of the pair. A test of the area of Ichimoku's signal lines near 1.2565 can be expected. Then the pair can fall further towards 1.2415 area. If the upper edge of Ichimoku cloud is broken and price closes above 1.2710, this will suggest further rise of the pair towards 1.2870 area.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.