Ichimoku Cloud Analysis 24.07.2017 (AUD/USD, NZD/USD, USD/CAD)

AUD/USD

The AUD/USD is trading at 0.7928 currently. The pair keeps trading above the Ichimoku Cloud, and this suggests a rising tendency on the market and further upward move. A test of the area of Ichimoku's signal lines can be expected. Also, the price can test an area near 0.7885, and then move higher towards 0.8060. If the lower edge of the Ichimoku Cloud is broken through and price closes below 0.7785, this can be seen as cancellation of further upward move. If this is the case, the pair can move lower towards 0.7675.

NZD/USD

The NZD/USD pair keeps trading at 0.7430. The pair keeps trading above the Ichimoku Cloud, and this suggests a rising tendency on the market and further upward move. A test of the area of Ichimoku's signal lines can be expected. Also, the price can test a support level near 0.7385 and then move higher above 0.7510. If the lower edge of the Ichimoku Cloud is broken through and price closes below 0.7300, this can be seen as cancellation of further upward move. In this case, the pair can move lower to reach 0.7225.

USD/CAD

The USD/CAD it trading at 1.2534. The pair keeps trading below the Ichimoku Cloud, and this suggests a downside tendency and further move down. A test of the area of Ichimoku's signal lines near 1.2585 is expected. Then the pair can move lower towards an area of 1.2385. If the upper edge of the Ichimoku Cloud is broken through and price closes above 0.7300, this can be seen as cancellation of further downward move. In this case, the pair can move higher to reach 1.2930.