Last week NZD/USD made a significant thrust to the downside.
AUD/USD: aussie entered to channel Tenkan-Kijun
Technical levels: support – 0.7400; resistance – 0.7450.
1. Buy — 0.7400; SL — 0.7380; TP1 — 0.7450.
2. Sell — 0.7450; SL — 0.7460; TP1 — 0.7380; TP2 — 0.7340.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are entered into the channel Tenkan-Kijun and supported by Tenkan-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…