AUDUSD

audusd4

Bearish trend stopped at (0/8)P 0.6838 line and after breaking Tenkan-sen 0.9637 resistance it is heading to Kijun-sen 0.7079. So far price found resistance at (3/8)P 0.7018 line and we have few possibilities right now. AUDUSD can reach to Kijun-sen directly or we can have another test of Tenkan-sen first. This scenario looks more promising if we look at technical analysis. Breaking this support will be another sell signal. Rebound from Tenkan-sen and breaking (3/8)P resistance would finish reversal HS pattern what gives range of correction 0.7200. We should also watch Aussie behaviour in the next few sessions.

You can read Ichimoku strategy description here.

NZDUSD

nzdusd4

This pair also found support on (0/8)P 0.8348 line. Breaking Tenkan-sen 0.6468 resistance will begin correction on NZDUSD and the best way seems to be waiting for another test of this line. If price will stay above Tenkan-sen next support will be set by (3/8)P 0.6591 and Kijun-sen 0.6614. Decrease below Tenkan-sen will generate another sell signal.

YOU CAN TRADE USING ICHIMOKU STRATEGY WITH FREE FXGROW ACCOUNT.

USDCAD

usdcad5

Bullish trend stopped on (8/8)P 0.4648 and yesterday we saw strong correction to Kijun-sen 1.4250. Today price is getting close to (6/8)P 1.4160 support and if there will be a rebound there is a possibility of USDCAD coming back to Tenkan-sen 1.4438. Price staying below this level will be a sign of stronger correction to Senkou Span B 1.3980.

Error, group does not exist! Check your syntax! (ID: 3)