Ichimoku Cloud Analysis 18.07.2017 (AUD/USD, NZD/USD, USD/CAD)

AUD/USD

The AUD/USD is trading at 0.7804 currently. The pair keeps trading above the Ichimoku Cloud, and this suggests an ascending trend and further upside tendency. A test of the area of signal lines of Ichimoku Cloud can be expected. In addition, the support area near 0.7840 level can also be tested. If this happens, we may see the pair moving higher above 0.7960. If the lower edge of the Ichimoku Cloud is broken through and the price closes below 0.7690, this will be seen as cancellation of further rise. The pair can then decline towards the area of 0.7595.

NZD/USD

The NZD/USD currency pair is trading at 0.7353. The pair keeps trading above the Ichimoku Cloud, and this suggests an ascending trend and further upside tendency. A test of the area of signal lines of Ichimoku Cloud near 0.7315 can be expected. Then the pair can move higher towards 0.7400. If the lower edge of the Ichimoku Cloud is broken through and the price closes below 0.7260, this will suggest a further downside move towards 0.7165.

USD/CAD

The USD/CAD pair is being traded at 1.2642. The pair keeps trading below the Ichimoku Cloud, and this suggests a downside tendency on the pair and further declining. A test of the area of signal lines of Ichimoku Cloud and the resistance area at 1.2715 can be expected. Then the price can continue falling towards the area 1.2510. If the upper edge of the Ichimoku Cloud is broken through and the price closes above 1.2830, this will be seen as cancellation of further decline. The pair can then rise towards the area of 1.3020.