On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.
AUD/USD: aussie falling inside Cloud
Technical levels: support – 0.7500; resistance – 0.7550, 0.7580
- Sell — 0.7540; SL — 0.7560; TP1 — 0.7500; TP2 — 0.7460.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with falling lines; the prices returned inside a Cloud and supported by Senkou Span B.
On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern.
On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.
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…