Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
AUD/USD: aussie in consolidation on lows
Technical levels: support – 0.7090, 0.7160; resistance – 0.7230
- Sell — 0.7230; SL — 0.7250; TP1 — 0.7160; TP2 — 0.7090.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market entered into the Cloud’s area and will test its upper border.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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