The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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.
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…