The main intraday target is the next resistance at 1.3189 - 1.3216. If a pullback from these levels happens next...
AUD/CAD reversed from support zone
- AUD/CAD reversed from support zone
- Next buy target - 1.0200
NZD/CHF today reversed up from the support zone lying between the parity (which has been reversing the price from the start of April, as can be seen below), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from January. The upward reversal from this support zone continues the active minor impulse waves 3 and (3) – both of which started from the same support area in May and April. If the pair closes today near the current levels it will form the daily Bullish Engulfing. AUD/CAD is expected to rise to the next buy target at the next resistance level 1.0200.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…