Ichimoku Cloud Analysis 04.04.2022 (AUDUSD, GBPNZD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is rebounding from the cloud at 0.7512; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.7500 and then resume moving upwards to reach 0.7670. Another signal in favour of a further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7355. In this case, the pair may continue falling towards 0.7265. To confirm further growth, the asset must break the pattern’s upside border and fix above 0.7545.

GBPNZD, “Great Britain Pound vs New Zealand Dollar”

GBPNZD has rebounded from Tenkan-Sen and Kijun-Sen at 1.8917; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.8935 and then resume moving downwards to reach 1.8555. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.9105. In this case, the pair may continue growing towards 1.9195.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is rebounding from the rising channel’s downside border at 0.6939; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6920 and then resume moving upwards to reach 0.7065. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.6850. In this case, the pair may continue falling towards 0.6765.