EURUSD, “Euro vs US Dollar”
EURUSD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, revealing the prevalence of an uptrend. A test of the upper boundary of the Cloud at 1.1015 is expected, followed by a rise to 1.1085. The growth could be additionally supported by a rebound from the lower boundary of the bullish channel. The scenario might be cancelled by a breakout of the lower Cloud boundary with the price finding a foothold under 1.0965, which might indicate a further decline to 1.0875.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has found a foothold above the resistance level. The instrument is going above the Ichimoku Cloud, revealing the prevalence of an uptrend. A test of the Kijun-Sen line at 0.6815 is expected, followed by a rise to 0.6895. The growth could be additionally supported by a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 0.6755, which might entail a further decline to 0.6665.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is testing the support area. The pair is going under the Ichimoku Cloud, revealing the prevalence of a downtrend. A test of the lower Cloud boundary is expected at 0.8545, followed by a decline to 0.8465. The decline might be additionally supported by a rebound from the upper boundary of the bearish channel. The scenario could be cancelled by a breakout of the upper Cloud boundary with the price finding a foothold above 0.8585, which might entail a further rise to 0.8675.
Source: Roboforex