EUR/USD, “Euro vs US Dollar”
EUR/USD is testing the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0920 is expected, followed by a rise to 1.1060. An additional signal confirming the rise might be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the Cloud’s lower boundary, with the price finding a foothold below 1.0850, indicating a further decline to 1.0760. Meanwhile, growth could be confirmed by a breakout of the upper boundary of the bearish channel, with the price securing above 1.0975.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is rebounding from the lower boundary of the bullish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Cloud’s lower boundary at 1.3490 is expected, followed by a decline to 1.3380. An additional signal confirming the decline could be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud, with the price gaining a foothold above 1.3535, which will signal further growth to 1.3625. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel, with the price finding a foothold below 1.3435.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has established itself above the support level. The pair is going above the Ichimoku Cloud, suggesting an uptrend. A test of the Cloud’s upper boundary at 0.6595 is expected, followed by a rise to 0.6705. An additional signal confirming the rise might be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price finding a foothold below 0.6545, which will indicate a further decline to 0.6455. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price securing above 0.6640.
