It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
AUD/USD: aussie in positive zone
Technical levels: support – 0.7500, 0.7530; resistance – 0.7580, 0.7600
- Buy — 0.7530; SL — 0.7510; TP1 — 0.7580; TP2 — 0.7600.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but lines are horizontal; the market breaking out through the SSB’s resistance and may retest 0.7600.
GBP/AUD opened the week with a gap down. Things like that have already happened before and, back then, the price continued its way down.
AUD/NZD formed a “shooting star” candlestick on the W1. The pair ran into the resistance line from the 2018 highs and failed to close above the 200-week MA at 1.0650.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
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