USDCAD is currently trading in 1.3055; the tool is moving under Ichimoku Cloud, hence indicating a descending tendency. The markets can demonstrate that the price may test the cloud upside border at 1.3095 and then restart moving downwards to reach 1.2935. Another sign to affirm further ascending movement is the price from the resistance level. However, the situation that implies further decline may be cancelled in the event the price breaks the cloud’s upside edge and fixes over 1.3155. In cases like this, the group could continue growing towards 1.3245.
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NZDUSD is currently trading at 0.6664; the tool is moving over Ichimoku Cloud, hence suggesting an directional trend. The markets could show that the cost may examine the cloud upside edge at 0.6635 and then restart moving upward to reach 0.6745. Another sign to confirm further ascending movement is the price’s rebounding from the upside down border of the descending channel. On the other hand, the scenario that suggests further growth might be cancelled in the event the cost breaks the cloud disadvantage border and fixes under 0.6595. In cases like this, the couple could keep on falling towards 0.6505.
AUDUSD is trading at 0.6969; the instrument is moving under Ichimoku Cloud, hence suggesting a descending tendency. The markets could suggest that the price may test the cloud’s downside border at 0.6995 and then restart moving to achieve 0.6865. Another sign to confirm additional rotational movement is that the price out of the descending channel border. On the other hand, the situation that suggests further decrease may be cancelled if the cost breaks the cloud upside border and fixes above 0.7020. In cases like this, the group may keep on growing towards 0.7085.
USDCAD, “US Dollar vs Canadian Dollar”