The oil market is always highly volatile.
AUD/NZD rising inside minor impulse wave 3
- AUD/NZD rising inside minor impulse wave 3
- Next buy target - 1.1020
AUD/NZD continues to rise inside the minor impulse wave 3 - which started earlier from the support zone lying between the support level 1.0820 and the 50% Fibonacci retracement of the previous sharp upward impulse wave (v) from the end of February. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star.
AUD/NZD expected to rise to the next sell buy at the resistance level 1.1020 (which stopped the previous minor impulse wave 1 earlier this month).
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…