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Ichimoku Cloud Analysis 11.10.2021 AUDUSD, NZDUSD, USDCHF

AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7331; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 0.7295 and then resume moving upwards to reach 0.7465. Another signal in favor of a further uptrend will be a rebound from the neckline of the Head Shoulders reversal pattern. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 0.7205. In this case, the pair may continue falling towards 0.7110.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6936; 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 0.6940 and then resume moving downwards to reach 0.6765. Another signal in favor of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 0.7020. In this case, the pair may continue growing towards 0.7125. To confirm further decline, the asset must break the patterns downside border and fix below 0.6845.USDCHF, US Dollar vs Swiss FrancUSDCHF is trading at 0.9269; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds upside…

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