Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, Sep 17, 2018

AUD/USD

The AUD/USD is trading at 0.7160, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the upper cloud boundary at 0.7160, and then a downward pullback to 0.7055, which will be confirmed with the price bouncing off the lower boundary of the descending channel. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7205, which will be a signal for a further rise to 0.7315 and above. Conversely, the fall will be confirmed once the bottom Ichimoku gets broken out and the price closes below 0.7115.

NZD/USD

The NZD/USD is trading at 0.6558, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the signal lines at 0.6565, and then a fall to 0.6470, which will be confirmed with the price bouncing off the upper boundary of the channel. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6600, which will be a signal for a further rise to 0.6695 and above. Conversely, the fall will be confirmed once the bottom boundary of the triangle pattern gets broken out and the price closes below 0.6520.

USD/CAD

The USD/CAD is trading at 1.3029, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the signal lines at 1.3035, and then the fall is likely to continue to 1.2895, which will be confirmed with the price bouncing off the lower boundary of the descending channel. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3105, which will be a signal for a further rise to 1.3250 and above.