Last week NZD/USD made a significant thrust to the downside.
AUD/USD: aussie bounced from SSB
Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7450.
- Buy — 0.7430; SL — 0.7410; TP1 — 0.7470; TP2 — 0.7500.
- Sell — 0.7400; SL — 0.7420; TP1 — 0.7340; TP2 — 0.7310.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A and horizontal Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are under Tenkan-sen and Kijun-sen.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…