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Ichimoku Cloud Analysis 11.01.2022 AUDUSD, BRENT, NZDUSD

AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7176; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside border at 0.7180 and then resume moving downwards to reach 0.6995. Another signal in favour of a further downtrend will be a rebound from the resistance level and the completion of the Wedge reversal pattern. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 0.7265. In this case, the pair may continue growing towards 0.7355.BRENTBrent is trading at 81.42; 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 80.20 and then resume moving upwards to reach 86.75. 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 76.05. In this case, the pair may continue falling towards 72.05.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6763; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside border at 0.6780 and then resume moving downwards to reach 0.6645. Another signal in favour of a further downtrend will…

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