GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is rebounding from the upper boundary of the descending channel. The pair is going inside the Ichimoku Cloud, which suggests a sideways movement. A test of the Kijun-Sen line at 1.2620 is expected, followed by a rise to 1.2765. A rebound from the upper boundary of the descending channel will signal a price rise. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.2550, indicating a further decline to 1.2460. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price gaining a foothold above 1.2695.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is declining following a rebound from the resistance level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1.3545 is expected, followed by a rise to 1.3695. An additional signal confirming the rise will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.3510, which will signal a further decline to 1.3415.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is rising within a bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.6005 is expected, followed by a rise to 0.6145. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price establishing itself below 0.5945, which will indicate a further decline to 0.5865. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price securing above 0.6075.
