AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading at 0.7970; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7925 and then continue moving upwards to reach 0.8080. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the rising channel. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7865. In this case, the pair may continue falling towards 0.7760.
NZDUSD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair is trading at 0.7291; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7255 and then continue moving upwards to reach 0.7410. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the rising channel. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7165. In this case, the pair may continue falling towards 0.7070.
USDCAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trading at 1.2447; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 1.2455 and then continue moving downwards to reach 1.2235. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2535. In this case, the pair may continue growing towards 1.2650. After breaking the downside border of the Triangle pattern and fixing below 1.2380, the price may continue falling.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
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