Ichimoku Cloud Analysis 28.07.2017 (AUD/USD, NZD/USD, USD/CAD)

AUD/USD

The AUD/USD is trading at 0.7978 level. The AUD/USD pair keeps trading above the Ichimoku cloud, and this suggests a rising tendency on the market and further upward move. A test of the upper edge of Ichimoku cloud near 0.7965 can be expected, and then the pair can move higher above 0.8120 level. If the lower edge of Ichimoku cloud is broken and price closes below 0.7870, this can be seen as cancellation of further upward move. In this case the pair can move lower towards 0.7690.

NZD/USD

The NZD/USD pair is trading at 0.7482 level at the moment. The AUD/USD 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, price can test the support level near 0.7475, and then it can move higher towards 0.7605. If the lower edge of Ichimoku cloud is broken and price closes below 0.7380, this can be seen as cancellation of further upward move. In this case the pair can move lower towards 0.7295.

USD/CAD

The USD/CAD pair is trading at 1.2557 level. The pair keeps trading below the Ichimoku cloud, and this suggests a downward tendency and further downward move. A test of the lower edge of Ichimoku cloud near 1.2570 can be expected, and then the pair can move higher towards the 1.2330 area. If the upper edge of Ichimoku cloud is broken and price closes above 1.2650, this can be seen as cancellation of further downward move. In this case the pair can move lower towards 1.2770.