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Ichimoku Cloud Analysis 02.02.2022 NZDUSD, USDCAD, AUDUSD

NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6634; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds upside border at 0.6685 and then resume moving downwards to reach 0.6455. Another signal in favour of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 0.6735. In this case, the pair may continue growing towards 0.6825. To confirm further decline, the asset must break the bullish channels downside border and fix below 0.6615.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2681; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds upside border at 1.2660 and then resume moving upwards to reach 1.2875. Another signal in favour of a further uptrend will be a rebound from the rising channels downside border. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1.2550. In this case, the pair may continue falling towards 1.2460. To confirm further growth, the asset must break the descending channels upside border and fix above 1.2740.AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7134; the instrument is moving below Ichimoku Cloud, thus indicating a descending…

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