GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has secured under the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2205 is expected, followed by a decline to 1.1985. An additional signal confirming the decline will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.2250, which will mean further growth to 1.2345. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the price securing under 1.2135.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD has left the boundaries of the correction channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.3715 is expected, followed by a rise to 1.3845. An additional signal confirming the rise will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 1.3675, which will mean a further decline to 1.3585.
NZD/USD, “New Zealand Dollar vs US Dollar”
NZD/USD is correcting within a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 0.5855 is expected, followed by a decline to 0.5735. An additional signal confirming the decline will be a rebound from the upper boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 0.5955, which will mean further growth to 0.6045. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the Triangle pattern with the price securing under 0.5805.
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GBP/USD holds around 1.2400 as the mood improves
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