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DailyBubble News

Ichimoku cloud analysis: EUR/USD, USD/JPY, NZD/USD

The EUR/USD pair, also known as Euro vs US Dollar, is currently testing the lower boundary of a bearish channel. It is below the Ichimoku Cloud, indicating a downtrend. A potential test of the Tenkan-Sen line at 1.0635 may lead to a decline to 1.0510. A rebound from the upper boundary of the bearish channel could confirm the downward movement. However, if the price breaks out above 1.0755 and stays above it, we may see further growth to 1.0945.

The USD/JPY pair, or US Dollar vs Japanese Yen, is rebounding from the signal lines of the indicator. It is above the Ichimoku Cloud, signaling an uptrend. A possible test of the Tenkan-Sen line at 154.15 could lead to a rise to 155.65. A rebound from the lower boundary of the bullish channel may confirm the upward movement. Conversely, if the price breaks below 152.65 and stays there, we may see a decline to 151.75.

The NZD/USD pair, or New Zealand Dollar vs US Dollar, has broken below a support level. It is below the Ichimoku Cloud, indicating a downtrend. A potential test of the Tenkan-Sen line at 0.5905 may result in a decline to 0.5810. A rebound from the upper boundary of the bearish channel could confirm the downward trend. However, if the price breaks out above 0.6020 and stays there, we may see further growth to 0.6115.

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