Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, 27.09.2018

AUD/USD

The AUD/USD is trading at 0.7227, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the upper cloud boundary at 0.7250, and then a downward pullback to 0.7130, which may be confirmed with the price bouncing off the resistance area. This may be prevented in case the price breaks out the upper boundary and closes above 0.7285, which will be a signal for a further rise to 0.7375 and above. Conversely, the fall may be confirmed once the bottom boundary gets broken out and the price closes below 0.7185.

NZD/USD

The NZD/USD is trading at 0.6636, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.6625, and then a rise to 0.6725, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary and closes below 0.6600, which will be a signal for a further fall to 0.6525. Conversely, the rise will be confirmed once the top boundary of the triangle pattern gets broken out and the price closes above 0.6695.

USD/CAD

The USD/CAD is trading at 1.3048, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of upper cloud boundary at 1.2985, and then another rise to 1.3180, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary and closes below 1.2905, which will be a further fall to 1.2825.