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Ichimoku Cloud Analysis 12.04.2022 NZDUSD, GBPUSD, USDCAD

NZDUSD, New Zealand Dollar vs US DollarNZDUSD is rebounding from TenkanSen at 0.6828; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 0.6880 and then resume moving downwards to reach 0.6685. 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 0.6955. In this case, the pair may continue growing towards 0.7045.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still testing the support level at 1.3002 bears failed to break this significant area in March 2022; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 1.3075 and then resume moving downwards to reach 1.2860. Another signal in favour of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.3125. In this case, the pair may continue growing towards 1.3215.USDCAD, US Dollar vs Canadian DollarUSDCAD continues rising within the bullish channel at 1.2577; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds upside…

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